VALR, the Pantera-backed crypto exchange, has announced the addition of EURO Coin (EURC) on its platform. This stablecoin is issued by Circle and pegged to the Euro (EUR).
New Trading Pairs
With the introduction of EURC to the platform, users can now trade the stablecoin in Spot against USDC, Bitcoin, and the South African Rand (ZAR). The newly launched trading pairs include: - EURC/USDC - EURC/BTC - EURC/ZAR
Deposit Capabilities
In addition, VALR now enables Euro deposits via Wire Transfer, supporting both SWIFT and SEPA transfers. Partnering with Circle allows users to seamlessly convert Euros to EURC, either through direct EURC purchase or engaging with VALR's OTC Trading Desk for bulk procurement.
VALR Leadership Comment
Farzam Ehsani, CEO and Co-founder of VALR, stated: "The listing of EURC on VALR and the ability for customers to seamlessly convert Euros to EURC via wire transfer marks a significant step in our mission to provide accessible and comprehensive cryptocurrency services. Partnering with Circle allows us to offer our customers a seamless and secure way to engage with digital assets, tailored to their diverse needs."
Founded in 2018, VALR is a global cryptocurrency exchange serving over 1,000 corporate and institutional clients and close to 700,000 traders worldwide. Headquartered in Johannesburg, VALR is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa, approved to offer services in Europe, and has received initial approval from Dubai’s Virtual Assets Regulatory Authority (VARA). The exchange has secured $55 million in equity funding from prominent investors, including Pantera Capital, Coinbase Ventures, and Avon Ventures, affiliated with Fidelity Investments' parent company.
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