News on Medial

South African crypto firm VALR looking at international expansion, forays into Poland

VCCircle · 11m

South African cryptocurrency exchange VALR is expanding its services into Poland and considering further expansion into other jurisdictions globally, according to CEO Farzam Ehsani. The move comes after VALR obtained licences from South Africa's Financial Sector Conduct Authority, which aims to create a regulated environment for cryptocurrency users. VALR currently serves over 600,000 retail customers and over 1,000 institutional customers. Ehsani said the company aims to attract more clients from outside South Africa and become a global player in the crypto market. VALR is also considering licensing opportunities in African countries including Nigeria, Kenya, Ghana, and Egypt.