VALR, A South Africa-Based Exchange To Add Support For Shiba Inu On Sept 13th

Shiba Inu will soon gain support from the VALR, a South African Exchange Marketplace and a bitcoin exchange marketplace.

As stated on the exchange’s official Twitter handle yesterday, 12th September 2022, it unveils its plan to launch two new USDC trading pairs, SHIB/USDC, and AVAX/USDC. As per the announcement, the trading pairs will go live for trading on September 13th at 11:00 (SAST).

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“We’ll be launching AVAX/USDC & SHIB/USDC trading pairs tomorrow, 13 September at 11:00 (SAST)”

It is worth noting that the VALR exchange has recently launched four new trading pairs on its platform. For instance, on August 16th, VALR added support for ETH/USDC and BNB/USDC pair while on the 30th same August, it introduced the USDC trading pair with Ripple (XRP) and Solana (SOL).

It is good to know that the VALR exchange firstly added support for Shiba Inu as far back as April.

VALR is a south Africa-based exchange founded in 2018 and since then, it has been recognized as one of the well-known digital asset trading platforms in SA.

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The exchange allows users to transact with over 60 crypto assets easily and securely. The most attractive feature of VALR is its Maker Rewards (negative Maker fees). The exchange pays market makers 0.01% of their trades to provide liquidity to their exchange order books. In doing so, VALR has paid over $4.6 Million (R70m) in rewards to market makers as of 2022.

At the moment, South Africa’s VALR occupies position 149th among the list of top cryptocurrency exchanges based on Daily Trading Volume (DTV).

Also, CMC data said that the VALR users have exchanged hands with $10,856,228 ($10.85M) worth of digital assets on the platform in the past 24 hours.

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