VALR, a South African cryptocurrency trade, selects Poland as its launchpad for European growth

Exciting news! VALR, a crypto trade backed by Pantera, is spreading its wings to Poland as portion of its interesting international expansion ideas.

Heading over and above its roots in South Africa, VALR has established its sights on Poland as the 1st stage in its journey to get to extra consumers around the world.

All through an useful chat with Reuters, VALR’s CEO Farzam Ehsani expressed the exchange’s ambition to grow its shopper base over and above the borders of South Africa, with somewhere around 75% of its present customers hailing from Africa. Ehsani shared that VALR not long ago attained the environmentally friendly mild to supply crypto providers in Poland after receiving original approval from Dubai’s crypto regulator VARA. The trade is also eyeing a license in Mauritius as section of its enlargement approach.

“Our purpose is to provide prime-notch merchandise and expert services to a quickly expanding world viewers. We aim to make a mark on the international phase simply because only staying the largest in Africa just isn’t plenty of for us.”

Farzam Ehsani

While VALR caters to consumers across Africa, it has made a decision to steer crystal clear of Nigeria’s sector. This final decision comes amidst Nigerian authorities cracking down on crypto exchanges above concerns of facilitating a black market for overseas trade.

Inaugurated in 2018, VALR achieved a valuation of $240 million in 2022 soon after a thriving funding round led by Pantera Cash. Other traders these kinds of as Alameda Analysis, Cadenza, CMT Electronic, Coinbase Ventures, Dispersed World-wide, GSR, 3rd Prime, and Avon Ventures also took component in the fundraising work.