The cryptocurrency trading platform VALR has obtained a regulatory license in South Africa.

ChainCatcher news, according to CoinDesk, South African cryptocurrency exchange VALR has received regulatory approval from the country's financial regulatory authority.

According to crypto data platform RootData, in March 2022, VALR secured $50 million in Series B funding, led by Pantera Capital, with participation from Alameda Research, Coinbase Ventures, and Avon Ventures. It is reported that this round of financing is the largest in the African crypto sector to date, and following the funding, VALR's valuation will reach $240 million.