Buy and sell Shiba Inu with Rands on VALR
We’re excited to announce the launch of our second ZAR trading pair for 2022: SHIB/ZAR.
SHIB joins BTC, ETH, XRP, SOL, and BNB as exchange pairings, allowing you to trade the asset directly with ZAR using the full power of VALR’s exchange functionality. Thus far, our ZAR pairs have seen a cumulative trading volume of over R100bn ($7bn).
Stages of SHIB/ZAR launch on VALR
The SHIB/ZAR trading launch will roll-out over four stages as described below.
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.
Deposit SHIB and ZAR (already open): Customers can already fund their VALR accounts with SHIB and ZAR.
Post-only (13/4@13:04): In this stage, starting at 13:04, 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.
Follow our VALR Twitter account for regular updates.
Have a question? Contact our team at support.valr.com.