VALR dominates the African cryptocurrency market with new futures contracts and leverage options

VALR, Africa’s leading cryptocurrency exchange, has introduced innovative financial instruments to its platform, including perpetual futures contracts on Bitcoin and Tether (USDT) paired with the South African Rand (ZAR). These additions, which include the BTC/USDT pair, are important for traders because they have no expiration date and offer up to five times leverage.

Gianluca Sacco, Chief Operating Officer, praised the platform's integrated trading ecosystem, which combines spot, margin and futures markets using a single source of collateral. This development follows the exchange's success in spot margin trading and a collaboration with Visa (NYSE:V).

VALR's growth is further highlighted by its recent European regulatory approval and continued licensing in Mauritius and Dubai, having already received a preliminary boost from the Virtual Assets Regulatory Authority (VARA) in Dubai. Founded in 2018, VALR has reached over $10 billion in trading volume and boasts a strong customer base with over 500,000 retail clients and over 900 institutional partners.

The exchange also secured $55 million in crowdfunding from high-profile investors such as Coinbase (NASDAQ:COIN) Ventures and Pantera Capital. Operating as VALR DAM Proprietary Limited, it is licensed by Prime Asset Managers in South Africa and hopes to expand its services through a mobile application.

CEO Farzam Ehsani highlighted the positive reactions from institutions, which positions VALR as a strong competitor on the global stock market scene.