VALR Expands Services with TRON Network Support and New TRX Staking Product
Johannesburg, South Africa, May 20th, 2024
VALR, the Pantera-backed crypto exchange, is pleased to announce its support for the TRON network, facilitating quick and easy stablecoin transactions. Additionally, VALR now offers an on-chain staking product for TRON (TRX), providing an annual percentage rate (APR) of up to 3%.
VALR’s new TRX staking product addresses the needs of users looking to capitalize on staking opportunities without directly interacting with DeFi protocols. VALR’s staking product is a liquid staking solution. This means users can stake, unstake, and restake at any moment, with rewards distributed hourly, enabling them to earn compound yields efficiently. All these features are available within the VALR platform, providing a single-stop solution for users.
VALR already offers similar on-chain staking solutions for Solana (SOL) and Avalanche (AVAX) and plans to extend these products to more protocols in the near future.
About VALR
Founded in 2018, VALR is a global cryptocurrency exchange serving over 1,000 corporate and institutional clients and more than 600,000 traders worldwide.
Headquartered in Johannesburg, licensed by the FSCA in South Africa, and approved to offer services in Europe, VALR has secured $55 million in equity funding from prominent investors, including Coinbase Ventures, Pantera Capital, and Avon Ventures, affiliated with Fidelity Investments’ parent company.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
For more information about staking on VALR, visit VALR Staking. For media inquiries: press@valr.com
