Crypto Exchange VALR Launches Lending Product Offering Hourly Yield on Crypto and ZAR Balances
Johannesburg, South Africa, January 27th, 2025, Chainwire
VALR, South Africa’s premier crypto exchange, today announced the launch of an innovative lending product. This new feature allows users to earn hourly interest on their Bitcoin, stablecoins, and other cryptocurrency assets. As the crypto platform with the largest ZAR-denominated markets globally, VALR’s product also offers competitive yields on South African Rand (ZAR) balances, making it appealing to both seasoned investors and newcomers to crypto.
This new offering is available on VALR’s web platform, with mobile access via the VALR app rolling out later this week. Designed to provide effortless opportunities for wealth growth, VALR’s lending product reflects the exchange’s commitment to empowering users with advanced yet accessible financial tools.
Gianluca Sacco, Chief Operating Officer at VALR, emphasized the simplicity and appeal of the new service: “Lending on VALR allows customers to earn hourly interest on their crypto or ZAR balances. It’s a seamless way for anyone—even those not holding crypto—to grow their assets effortlessly, leveraging the potential of a world-class financial infrastructure.”
This launch represents another milestone for VALR, a pioneer in building South Africa’s crypto ecosystem. By offering hourly yield, VALR introduces a level of flexibility and immediacy rarely seen in traditional financial products. Users are no longer bound by daily or monthly interest cycles, allowing greater control and optimization of their funds.
For corporations and institutions, this product provides an efficient means to maximize idle balances while benefiting from VALR’s robust security and regulatory compliance. For retail customers, it offers an easy entry point into crypto’s financial ecosystem without the complexity of trading or staking on a blockchain.
VALR’s lending product sets a new standard for accessibility and transparency in the digital asset space. As Africa’s largest cryptocurrency exchange by trade volume, VALR continues to lead the way in delivering transformative financial solutions for its growing user base, both locally and globally.
About VALR
VALR provides a comprehensive suite of crypto products and services, including Spot Trading, Spot Margin, Perpetual Futures, an API for high-frequency traders, Subaccounts with governance features, OTC Trading, Staking, Lending & Borrowing, Simple Buy/Sell Swap, and VALR Pay.
Founded in 2018, VALR is Africa’s largest cryptocurrency exchange by trade volume, serving over 1,100 corporate and institutional clients and more than 1.1 million users globally. Headquartered in Johannesburg, VALR is licensed by the FSCA in South Africa, with regulatory approvals in Europe and initial approval from Dubai’s VARA. VALR has secured $55 million in equity funding from top investors, including Pantera Capital, Coinbase Ventures, GSR, and F-Prime, affiliated with Fidelity Investments. For more information, visit valr.com