Johannesburg, South Africa, January 27th, 2025,
Chainwire
VALR, South Africa's premier crypto exchange, today announced
the launch of an innovative lending product. This new feature
allows users to earn hourly interest on their Bitcoin, stablecoins,
and other cryptocurrency assets. As the crypto platform with the
largest ZAR-denominated markets globally, VALR's product also
offers competitive yields on South African Rand (ZAR) balances,
making it appealing to both seasoned investors and newcomers to
crypto.
This new offering is available on VALR’s web platform, with
mobile access via the VALR app rolling out later
this week. Designed to provide effortless opportunities for wealth
growth, VALR’s lending product reflects the exchange’s commitment
to empowering users with advanced yet accessible financial
tools.
Gianluca Sacco, Chief Operating Officer at VALR, emphasized the
simplicity and appeal of the new service: “Lending on VALR allows
customers to earn hourly interest on their crypto or ZAR balances.
It’s a seamless way for anyone—even those not holding crypto—to
grow their assets effortlessly, leveraging the potential of a
world-class financial infrastructure.”
This launch represents another milestone for VALR, a pioneer in
building South Africa’s crypto ecosystem. By offering hourly yield,
VALR introduces a level of flexibility and immediacy rarely seen in
traditional financial products. Users are no longer bound by daily
or monthly interest cycles, allowing greater control and
optimization of their funds.
For corporations and institutions, this product provides an
efficient means to maximize idle balances while benefiting from
VALR’s robust security and regulatory compliance. For retail
customers, it offers an easy entry point into crypto’s financial
ecosystem without the complexity of trading or staking on a
blockchain.
VALR’s lending product sets a new standard for accessibility and
transparency in the digital asset space. As Africa’s largest
cryptocurrency exchange by trade volume, VALR continues to lead the
way in delivering transformative financial solutions for its
growing user base, both locally and globally.
About VALR
VALR provides a comprehensive suite of crypto products and
services, including Spot Trading, Spot Margin, Perpetual Futures,
an API for high-frequency traders, Subaccounts with governance
features, OTC Trading, Staking, Lending & Borrowing, Simple
Buy/Sell Swap, and VALR Pay.
Founded in 2018, VALR is Africa’s largest cryptocurrency
exchange by trade volume, serving over 1,100 corporate and
institutional clients and more than 1.1 million users globally.
Headquartered in Johannesburg, VALR is licensed by the FSCA in
South Africa, with regulatory approvals in Europe and initial
approval from Dubai’s VARA. VALR has secured $55 million in equity
funding from top investors, including Pantera Capital, Coinbase
Ventures, GSR, and F-Prime, affiliated with Fidelity Investments.
For more information, visit valr.com
Contact
VALR
press@valr.com
