USDC trading pairs going live on VALR
VALR is excited to announce the launch of our first USDC exchange trade pairs: BTC/USDC and USDC/ZAR, which will be coming to you on 13 December 2021 at 13:12 (SAST).
USD Coin (USDC) is the world’s fastest-growing, regulated and fully-reserved dollar digital currency, principally operated by Circle.
By leveraging Circle’s payment solutions, VALR makes it seamless for you to deposit and withdraw USDC on VALR.
To date, ZAR trading pairs on VALR have seen a cumulative trading volume of over R90bn ($6bn). We’re excited to expand our exchange offerings to include USDC, a leading dollar digital currency with more than $40 billion in market cap.
VALR will be giving away USDC worth R50,000 in the BTC/USDC & USDC/ZAR trading competition.
Deposit crypto or via USD wire transfer
USDC deposits are live on VALR!
Customers can fund their USDC wallets via US Dollar wire transfers which will reflect as USDC in their VALR accounts.
Customers can also deposit USDC to their ERC20 wallet address on VALR.
Stages of BTC/USDC and USDC/ZAR trading launch on VALR
The BTC/USDC and USDC/ZAR trading pairs will roll out over three stages as described below.
Post-only (13/12@13H12): In this stage, starting at 13:12pm, customers will be able to post buy-orders and sell-orders on the Exchange Buy/Sell screen. No matching (or completion) of trades will be allowed, which will give time for the order book to fill up with sufficient liquidity from traders. This stage will last a minimum of 10 minutes.
Limit-only (at least 10 minutes after Post-only stage): In this stage, customers can only place limit orders on the Exchange Buy/Sell screen (market orders and the Simple Buy/Sell feature will not yet be enabled). During this stage, orders will be allowed to match. This stage will last at least 1 hour.
Full trading (at least 1 hour after Limit-only stage): All trades, including market orders and Simple Buy/Sell orders will be allowed.
We may keep any particular stage open as long as is needed to ensure a healthy market dynamic. Please follow our VALR Twitter account where announcements will be made as the launch progresses from stage to stage.
Have a question? Contact our team at support.valr.com.