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**VALR Celebrates 7 Years: From Startup Dream to Crypto Giant**
VALR, a top African cryptocurrency marketplace, is celebrating its seventh birthday, noting a path that has significantly changed the financial world. Established in 2018 with a desire to enable people through a different financial structure, VALR has developed from 1,000 clients on day one to a flourishing group boasting over one million clients and 1,300 institutional customers, including fintech firms and banks.
**VALR’s Rise to Crypto Supremacy**
Several important achievements have powered VALR’s success, redefining crypto availability in South Africa. In 2019, VALR presented the first BTC/ZAR trading pair, injecting much-needed liquidity into the market. By 2020, trading amounts had increased five times, highlighting the increasing fame of virtual assets.
A major turning point occurred in 2022 when VALR secured $50 million in funding, the biggest investment of its sort in Africa. This strategic boost additionally strengthened the platform’s image. The accelerated growth continued into 2023, with total cryptocurrency transactions exceeding $10 billion.
**Advocating Compliance and Innovation**
2024 has been a transformative year for VALR, with its user base surpassing one million. Furthermore, the platform secured Category I and II licenses from South Africa’s Financial Sector Conduct Authority (FSCA). This strategic approval underscores VALR’s dedication to security, innovation, and compliance.
As VALR starts its next chapter, it is demonstrating its commitment to promoting financial inclusion. This forward-looking method is set to shape the future of cryptocurrency in Africa and elsewhere. VALR’s journey towards a brighter future has just begun, with even greater things coming.
An accomplished author, Shahzeb Ahmed is celebrated for his detailed reporting on digital currencies, distributed ledger technology, decentralized finance, non-fungible tokens, Web3, and financial technology. He shines in providing perceptive news articles, cost assessments, and all-inclusive handbooks. Lumia Bolsters Dubai’s $16 Billion Property Tokenization Drive
Shahzeb is well-thought-of for his deep investigation and sharp awareness of market forces. He possesses an exceptional skill to elucidate complicated ideas so that both beginner and veteran traders can effortlessly comprehend. With numerous years of involvement in the area, Shahzeb Ahmed distinguishes himself as a well-informed and fervent digital currency reporter profoundly engrossed in cryptocurrency, distributed ledger technology, and decentralized finance.
