Johannesburg, South Africa, April 17th, 2024, Chainwire
VALR, the Pantera-backed crypto exchange offering OTC, Spot, Margin and Futures trading, today announced the upcoming launch of its Grand Slam of Trading Competitions. This Futures trading incentive program will feature the world’s largest prize pool of its kind with over 60 million USDT, strengthening VALR’s position as the exchange competes with the likes of Binance and ByBit. Starting in May and running for twelve consecutive months, the program is set to attract both professional and retail traders and has already garnered significant interest among some of the largest trading firms.
VALR’s Grand Slam of Trading Competitions will automatically include all users who trade Perpetual Futures on VALR, with monthly prize pools ranging from 30,000 to 5 million USDT depending on the total trading volume for the month across all futures pairs. This structure ensures that traders contribute to and benefit from the platform’s growth, enhancing liquidity and market dynamism.
In addition to the main reward pool, VALR is introducing monthly futures trading competitions with more than 1 million USDT in prizes tiered by participation as opposed to volume, making it easier for all levels of retail traders to stand a chance of winning rewards. This initiative reflects VALR's commitment to providing equal opportunities for traders of all levels to benefit from the platform's offering.
Farzam Ehsani, Co-Founder and CEO of VALR, commented on the launch, stating, "I’m extremely excited about launching the Grand Slam of Trading Competitions on VALR with such a significant prize pool. Some of the largest trading firms in the world have already indicated their support and strong interest in the program, signaling that for both VALR and our growing user base, this initiative is set to be a game-changer.”
“With this program, our goal is to create an environment where everyone has a chance to succeed in winning a share of tens of millions of dollars a year."
Since its establishment in 2018, VALR has grown into a prominent player in the crypto industry, serving over 1000 corporate and institutional clients and more than half a million retail traders worldwide. Licensed in South Africa by the FSCA, with initial approval from Dubai’s VARA, and approval from Poland’s Ministry of Finance to serve the European Union, VALR has secured $55 million in funding from investors like Pantera Capital, Coinbase (NASDAQ:COIN) Ventures, and Avon Ventures, affiliated with Fidelity Investments.
For more information on the program, visit valr.com/grand-slam
About VALR
Founded in 2018, VALR is a global crypto exchange serving over 1000 corporate and institutional clients, and more than half a million users around the world. Headquartered in Johannesburg, South Africa, VALR has secured $55 million in equity funding from reputable investors like Coinbase Ventures, Pantera Capital, and Avon Ventures, affiliated with the parent company of Fidelity Investments. Visit valr.com for more information.
ContactVALRinfo@valr.com