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South Africa gets digital asset trading platform

December 6, 2018 • Finance, Southern Africa

South Africa gets digital asset trading platform

Farzam Ehsani, VALR CEO

VALR, a digital asset platform has announced plans to launch a new digital asset trading platform in South Africa, leveraging Bittrex’s technology, to offer customers a trading option. Registrations to be part of a limited-access launch open on Thursday, 06 December 2018 at VALR.com.

VALR is launching with a buy/sell feature, allowing customers to instantly trade between bitcoin or ether and over 50 cryptocurrencies. VALR’s platform uses artificial intelligence and machine learning to streamline the ID verification process, allowing new customers to be fully verified within minutes. In the near future, rand-to-crypto trading, as well as more advanced crypto-to-crypto trading options, will be enabled on the platform.

By partnering with Bittrex, VALR has access to all cryptocurrencies and digital tokens available on the Bittrex and Bittrex International platforms, enabling it to offer its customers one of the largest selections of digital assets.

“We are delighted to bring South Africans the largest crypto-offering the country has ever seen in collaboration with Bittrex, one of the most advanced, secure and compliant platforms worldwide,” says Farzam Ehsani, VALR CEO. “Our partnership gives our customers direct access to international liquidity, globally competitive prices and leading security practices. We look forward to advancing the crypto industry in South Africa and beyond.”

“Bittrex is committed to advancing blockchain technology around the world, and our partnership with VALR gives us the opportunity to help drive adoption of this technology in new markets,” says Bittrex CEO Bill Shihara. “This platform, powered by Bittrex technology, will provide South African customers with a reliable, fast and secure trading option that will also give them access to some of the world’s most innovative blockchain projects. We will continue to explore partnerships like this one that not only support the blockchain industry, but also incubate innovative projects using this emerging technology, as we further expand our global footprint.”

The VALR and Bittrex partnership brings together Bittrex’s global leadership in the blockchain industry with the vision and experience of the VALR team in South Africa. This partnership provides South African customers with a broad selection of digital assets on a secure, reliable and advanced South African-based platform, that is committed to compliance.

Edited by Fundisiwe Maseko
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