VALR, the South African exchange, has become the first African exchange to list the African-focused Celo token allowing users to both buy and sell the token.
The token listing comes at a time when VALR is experiencing massive growth with 5x growth in 2020 so far.
VALR is the largest exchange in South Africa as of November 2020 with over 80, 000 customers since inception and having traded 17, 000 bitcoin in September 2020 alone.
SEE ALSO: VALR Sees 5x Increase to Become the Largest Crypto Exchange in South Africa in 2020
VALR boasts consistently having the deepest liquidity in South Africa due to its negative maker fees.
It's important to be on a platform that has the liquidity to allow you to get in/out of a trade seamlessly, especially during volatile times like now
VALR consistently has the deepest liquidity at the best bid-ask (buy-sell) prices in SA due to our *negative* maker fees
— VALR (@VALRdotcom) November 30, 2020
Celo’s efforts across Africa have seen the organization push for the platform adoption across various jurisdictions most notably:
Some of the African Celo alliance members, companies and brands that have committed to using and integrating the Celo Dollar (cUSD), include:
- Yellow Card
- Coin Payments
- Spe Taxi Cab
- Crypto Savannah
- SemiColon Africa
- Pan African Network
As part of the Celo Foundation Grants Program, the following African organizations have also received funding:
In an exclusive with BitcoinKE, Badi, the Co-Founder & CPO of VALR, said:
“At VALR, we believe in creating a financial system that recognises the oneness of humanity. Cryptocurrencies have the potential of achieving this vision.
We recognised that the Celo token team has a vision in line with ours and also has a promising footprint in the African continent.
We are in talks with the team to run a campaign for our customers to learn about Celo and its uses. More details to come soon.”
~ Badi Sudhakaran, Co-Founder, VALR
According to Badi, a growing demand for US Dollar stablecoins locally has also led to VALR listing PAX and USDC stablecoins.
In addition, the exchange has also listed Polkadot (DOT), one of the top 10 largest cryptocurrencies by marketcap as well as DeFi token, Compound (COMP) and general-purpose blockchain Algorand (ALGO), all tradable on VALR.
RECOMMENDED READING: Kenya’s PesaBase Emerges Winner in the Global Celo Blockchain Inaugural Camp – Edition One
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