Due to regulatory constraints, VALR has to take additional steps to allow borrowing ZAR for spot margin.
Currently, the following trades are possible using leverage on spot margin:
|Trade||Business account||Individual account|
|Buy with leverage on ZAR pairs||Available for qualifying customers||Not available|
|Sell with leverage on ZAR pairs||Available||Available|
|Buy with leverage on USDC pairs||Available||Available|
|Sell with leverage on USDC pairs||Available||Available|
If you have a business account and wish to borrow ZAR, please contact us and we'll be happy to assist with the next steps to enable borrowing ZAR.
If you have an individual account, you do not currently meet the criteria to borrow ZAR. However, there are other options for getting leveraged exposure to cryptocurrency using ZAR as collateral.
It's important to keep in mind that our system offers a range of options because it is cross-collateralized. While it might not be possible to borrow ZAR, it is possible to use ZAR as collateral to borrow USDC to buy crypto. As an example, if you want to go long BTC using ZAR as collateral, consider buying with leverage on the BTCUSDC pair to achieve the same outcome.
VALRs margin engine offers a wide range of trading options, ensuring that our users can adapt within a shifting regulatory framework.