Presented by VALR

Solana trading launches on VALR

South African-based cryptocurrency exchange, VALR, has made significant strides this year, rolling out several products to empower users.

Since launching in 2019, VALR has processed over R90B ($6B) of trading across the 60+ cryptocurrencies on offer.

The rapidly-growing exchange is expanding its direct-to-Rand offerings with the listing of Solana (SOL), the fifth-largest cryptocurrency by market value, which launched on Monday.

Why Solana?

The introduction of SOL/ZAR trading allows VALR users easy access to one of the most prominent crypto projects of the past year.

Since its release in March 2020, SOL has enjoyed widespread adoption, embarking on a blistering run that has seen Solana rise in value by 100x over the past year to a market capitalization of $62B.

“We’re tremendously excited to bring Solana trading to local shores. VALR has always strived to offer users every opportunity to engage with crypto”, explains VALR CEO and Co-Founder, Farzam Ehsani.

“SOL’s lightning-fast, near-feeless network represents another milestone in our mission to better serve humanity”, he continues.

A special summer for VALR users

To celebrate Solana’s launch on VALR, the exchange is giving away R100k in prizes through a number of competitions over the next three weeks.

“From the start, our community has been our backbone, and we believe that as we create value, our community should partake in this value creation too.”

“To date VALR has paid out well over R50 million in rewards in cash and crypto,” Ehsani elaborates.

To this end, VALR launched a deposit competition with a reward pool of R30,000 last Friday.

With the commencement of SOL/ZAR trading on Monday, a further R40,000 will be awarded to the top 10 traders by volume on SOL/ZAR for the duration of the week.

In an effort to promote community inclusion, another three content generation challenges are being announced via VALR’s twitter account, encouraging users to unleash their creativity for a chance to win a share of R30,000 in prizes.

Just the beginning for VALR

“While it’s been a big year for us, VALR is only just getting started.”

“Our mission extends to serving humanity as a whole – even beyond South African shores. We can’t wait to show our customers what we have in store. Together we believe we can build a much better financial system that truly serves the interests of humankind!”

Click here to find out more about VALR’s competitions

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Solana trading launches on VALR