{"id":543556,"date":"2021-12-02T14:59:15","date_gmt":"2021-12-02T12:59:15","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=543556"},"modified":"2021-12-02T16:17:46","modified_gmt":"2021-12-02T14:17:46","slug":"solana-trading-launches-on-valr","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/543556\/solana-trading-launches-on-valr\/","title":{"rendered":"Solana trading launches on VALR"},"content":{"rendered":"<p>South African-based cryptocurrency exchange, <a href=\"https:\/\/www.valr.com\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2021\" target=\"_blank\" rel=\"noopener\"><strong>VALR<\/strong><\/a>, has made significant strides this year, rolling out several products to empower users.<\/p>\n<p>Since launching in 2019, VALR has processed over R90B ($6B) of trading across the 60+ cryptocurrencies on offer.<\/p>\n<ul>\n<li><a href=\"https:\/\/blog.valr.com\/blog\/win-a-share-of-r100k-in-prizes-to-celebrate-solanas-arrival-on-valr?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2021\" target=\"_blank\" rel=\"noopener\"><b>Click here to find out more about VALR&#8217;s competitions<\/b><\/a><\/li>\n<\/ul>\n<p>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.<\/p>\n<h3 class=\"my-4\"><strong>Why Solana?<\/strong><\/h3>\n<p>The introduction of <a href=\"https:\/\/blog.valr.com\/blog\/buy-and-sell-solana-with-rands-on-valr?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2021\" target=\"_blank\" rel=\"noopener\"><strong>SOL\/ZAR trading<\/strong><\/a> allows VALR users easy access to one of the most prominent crypto projects of the past year.<\/p>\n<p>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.<\/p>\n<p>\u201cWe\u2019re tremendously excited to bring Solana trading to local shores. VALR has always strived to offer users every opportunity to engage with crypto&#8221;, explains VALR CEO and Co-Founder, Farzam Ehsani.<\/p>\n<p>\u201cSOL\u2019s lightning-fast, near-feeless network represents another milestone in our mission to better serve humanity\u201d, he continues.<\/p>\n<h3 class=\"my-4\"><strong>A special summer for VALR users<\/strong><\/h3>\n<p>To celebrate Solana\u2019s launch on VALR, the exchange <a href=\"https:\/\/blog.valr.com\/blog\/win-a-share-of-r100k-in-prizes-to-celebrate-solanas-arrival-on-valr?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2021\" target=\"_blank\" rel=\"noopener\"><strong>is giving away R100k in prizes<\/strong><\/a> through a number of competitions over the next three weeks.<\/p>\n<p>\u201cFrom 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.&#8221;<\/p>\n<p>&#8220;To date VALR has paid out well over R50 million in rewards in cash and crypto,\u201d Ehsani elaborates.<\/p>\n<p>To this end, VALR launched a deposit competition with a reward pool of R30,000 last Friday.<\/p>\n<p>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.<\/p>\n<p>In an effort to promote community inclusion, another three <a href=\"https:\/\/blog.valr.com\/blog\/engage-and-win-sol-with-valr?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2021\" target=\"_blank\" rel=\"noopener\"><strong>content generation challenges<\/strong><\/a> are being announced via <a href=\"https:\/\/twitter.com\/valrdotcom?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2021\" target=\"_blank\" rel=\"noopener\"><strong>VALR\u2019s twitter account<\/strong><\/a>, encouraging users to unleash their creativity for a chance to win a share of R30,000 in prizes.<\/p>\n<h3 class=\"my-4\"><strong>Just the beginning for VALR<\/strong><\/h3>\n<p>\u201cWhile it\u2019s been a big year for us, VALR is only just getting started.\u201d<\/p>\n<p>\u201cOur mission extends to serving humanity as a whole &#8211; even beyond South African shores. We can\u2019t 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!\u201d<\/p>\n<p><a href=\"https:\/\/blog.valr.com\/blog\/win-a-share-of-r100k-in-prizes-to-celebrate-solanas-arrival-on-valr?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2021\" target=\"_blank\" rel=\"noopener\"><b>Click here to find out more about VALR&#8217;s competitions<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African-based cryptocurrency exchange, VALR, has made significant strides this year, rolling out several products to empower users.<\/p>\n","protected":false},"author":57,"featured_media":543562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[14576],"class_list":["post-543556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-valr"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/543556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=543556"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/543556\/revisions"}],"predecessor-version":[{"id":543616,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/543556\/revisions\/543616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/543562"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=543556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=543556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=543556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}