South Africa’s Largest Crypto Exchange VALR Expands to Poland, Eyes Global Growth
VALR, the largest cryptocurrency exchange in South Africa, is set to offer its crypto asset services in Poland and is actively exploring opportunities in other jurisdictions worldwide.
The exchange aims to challenge some of the global crypto giants, CEO Farzam Ehsani said in an interview with Reuters.
VALR is among the 75 crypto asset service providers that recently received licenses from the Financial Sector Conduct Authority (FSCA) in South Africa.
Established in 2018, VALR provides a range of services to its extensive customer base, including spot trading, margin trading, perpetual futures, and staking products.
With over 600,000 retail customers and more than 1,000 institutional customers globally, the exchange serves a predominantly South African clientele, while 25% of its user base hails from various parts of the world.
ATC Features, @farzamehsani, CEO & Co-founder of VALR, Africa's top crypto exchange, offering a wide range of #cryptocurrencies for buying, selling, and storing. Former Blockchain Lead at Rand Merchant Bank and Chair of the South African #Financial #Blockchain Consortium. pic.twitter.com/ycNIZwH7Go
— Around The Coin Podcast (@aroundthecoin) April 24, 2024
VALR has recently obtained approval to offer crypto asset services in Poland, and it has also received initial approval from Dubai’s regulator, VARA.
Additionally, the exchange is in the process of obtaining a license in Mauritius.
“The intention here is to be able to provide products and services to a global audience that is continuously growing,” Ehsani said.
“The intention is to actually become a global player because we’re not satisfied with being the largest in Africa (by trading volume).”
While expanding its reach, VALR is
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