VALR Opens Euro Deposits Via Wire Transfer, Lists Circle’s EURO Coin (EURC)
Singapore, Singapore, August 14th, 2024, Chainwire
VALR, the Pantera-backed crypto exchange, is pleased to announce the listing of EURO Coin (EURC), a stablecoin issued by Circle and pegged to the Euro.
With the introduction of EURC to the platform, users can now trade the stablecoin at Spot against USDC, Bitcoin, and the South African Rand (ZAR). The newly launched trading pairs include:
– EURC/USDC
– EURC/BTC
– EURC/ZAR
In addition, VALR now enables for Euro deposits via Wire Transfer, supporting both SWIFT and SEPA transfers, and has partnered with Circle to enable for a seamless conversion to EURC. This feature allows users to either purchase EURC directly or engage with VALR’s OTC Trading Desk to procure EURC in bulk.
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.”
About VALR
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 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. For more information, visit: valr.com.
