VALR Turns 7! A Message From Our CEO, Farzam Ehsani
7 years ago we started VALR with the aim of helping to build a financial system that recognises the oneness of humanity - a financial system that is built upon the premise that all humans should have access to affordable and accessible financial services no matter who they are or where they live.
I believed then, as I do now, that crypto assets promise to revolutionise the way humanity interacts with financial value - how we store value, how we transfer value and, ultimately, how we measure value.
Since VALR was founded 7 years ago, crypto assets have grown nearly tenfold in value from $300 billion in March 2018 to nearly $3 trillion today and VALR has also experienced great growth.
VALR now serves over 1 million users and over 1,300 corporate and institutional clients, including banks, wealth managers and large global fintechs. VALR is now the largest market in the world by trading volume for rand to crypto trading.
While you could only trade one asset for another when VALR launched, today you can:
earn interest and rewards by lending or staking your assets on platform;
pay any cell phone number or email address for free with VALR Pay;
borrow to buy or sell crypto assets through spot margin trading;
leverage your position on perpetual futures;
create sub-accounts for your dependents or trading strategies and provide secure access to other members of your family or team through our secure Shared Accounts feature, defining who can view, trade or withdraw; and
very soon you will be able to borrow to withdraw against your eligible assets on VALR.
In the past 7 years the world has changed a huge amount. It was a pipe dream in 2018 to imagine that by 2025 we would have Strategic Bitcoin Reserves, crypto ETFs and central banks proposing to hold Bitcoin on their balance sheets.
The next 7 years will no doubt be full of volatility and change for the world once again, most likely at an accelerated pace. I am inspired by these words: “The troubles of the world are the birth pangs of a new civilisation. Let them, then, be not a cause of dismay but a spur to even greater effort.” A tremendous amount of work will be required to help shape this emerging civilization, and I am grateful for the opportunity to serve you in pursuit of this lofty goal.
On behalf of our entire team, thank you for using and supporting VALR these past 7 years. It’s a great privilege to be able to serve you.
Much love,
Chief Executive Officer, VALR
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate. VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
Disclaimer: Views expressed in this article are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.
