VALR Launches 4 New Trading Pairs
We’re excited to announce the launch of 4 new trading pairs on the exchange!
Get ready to trade BTC/USDT, ETH/USDT, XRP/USDT & ETH/BTC starting from Tuesday, 1 August @11:11am (SAST).
These new pairs will be joining our existing ZAR and USDC quote trading pairs on the exchange, which have already seen a cumulative trading volume of over R200bn ($12bn).
What does this mean for you?
You will have the opportunity to buy or sell Bitcoin, Ethereum, or XRP using Tether(USDT), and also trade Ethereum for Bitcoin and vice versa on the exchange.
Previously, this was only accessible through our Simple Buy/Sell feature. However, with this launch, you’ll gain access to more advanced trading options, such as market orders, limit orders, and stop-limit orders. For detailed information about the different order types available on VALR, click here.
But wait, there’s more…
We’re lowering our taker fees to just 0.03% for these new trading pairs, as opposed to the standard 0.1% trading fee for pairs on the exchange.
Our maker fees will remain unchanged at -0.01%, which means that if you place a limit order that gets filled, we will pay you a rebate of 0.01% of the trade value.
Stages of the launch
The 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 Twitter account where announcements will be made as the launch progresses from stage to stage.
USDT and BTC deposits (already open): Customers can fund their VALR accounts with USDT (ERC-20) via the Ethereum network or with BTC via the Bitcoin network.
Post-only (1 August @11:11am): In this stage, starting at 11:11am, 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.
A few things to keep in mind
Only deposit Bitcoin (BTC) via the Bitcoin network. Depositing BTC using any other network will result in a loss of funds.
Only deposit USDT (ERC-20) via the Ethereum network. Depositing USDT via BEP-20, TRC-20, or any other network will result in a loss of funds.
Risk warning
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
Make sure to follow our Twitter account for regular updates.
Have a question? Contact our team at support.valr.com.
