Johannesburg, South Africa (December 6, 2018) — VALR announced today that it is launching a new digital asset trading platform in South Africa, leveraging Bittrex’s cutting edge technology, to offer customers a secure, reliable and advanced trading option. Registrations to be part of a limited-access launch open today at VALR.com.
VALR is launching with a Simple Buy/Sell feature, allowing customers to seamlessly and 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.
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About VALR
VALR is a digital asset platform based in Johannesburg, South Africa, that allows customers to buy, sell, store and transfer cryptocurrencies seamlessly and securely. It offers one of the widest selections of digital assets. VALR’s mission is to usher in a new financial paradigm that makes financial services available at a fair and transparent price with an experience that is intuitive and seamless. Learn more at www.VALR.com.
About Bittrex.com
Founded in 2014 by three cybersecurity engineers, Bittrex.com is the premier U.S.-based digital asset trading platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change. Bittrex, Inc. is not a regulated exchange under U.S. securities laws. Learn more at www.Bittrex.com.
About Bittrex International
Bittrex International operates a secure, reliable and advanced digital asset platform built on Bittrex’s cutting-edge trading technology. Our mission is to be a driving force in the blockchain revolution, increasing adoption of this innovative technology around the world. This international trading platform operates within the regulatory framework established by the European Union and Maltese Government, including the Malta Virtual Financial Assets Act. The company will apply to the Malta Financial Services Authority to become a regulated Virtual Financial Asset exchange. Learn more at https://International.Bittrex.com.
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Press Contacts:
Samantha Perry, VALR, press@valr.com
Jennifer Wood, Bittrex, press@bittrex.com