One of South Africa’s newest exchanges, VALR, has hit a significant trading volume milestone of over 500 BTC per day on the BTC / ZAR pair, the highest in South Africa and the world for the day.
Luno is South Africa’s most active exchange and one of the world’s top 10 best exchanges, but by the look of things, VALR is definitely on the way to becoming the most popular and active exchange just 6 months since launching its BTC / ZAR pair, the most popular pair in South Africa.
Today we celebrate hitting 500 #BTC traded in the last 24 hrs, the highest trading volume for BTCZAR of any platform in SA and the world at the moment.
We're humbled. We're energized. We're at your service.
— VALR (@VALRdotcom) December 11, 2019
One of the reasons for VALR’s success has been its low trading fees:
“We continue to provide the lowest fees and the widest selection of cryptocurrencies in the market. And we pride ourselves in serving every single customer as best as we can.” ~ Farzam Ehsani, CEO, VALR
Despite the recent announcement by the FirstRand Bank to discontinue its services with crypto exchanges and the rumored crackdown on exchanges by the South Africa Reserve Bank, growth in the region is clearly evident and is likely to continue.
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