South African Exchange, VALR, Becomes the First African Exchange to List the Celo Token

VALR, the South African exchange, has become the first African exchange to list the African-focused Celo token allowing users to both buy and sell the token.

The token listing comes at a time when VALR is experiencing massive growth with 5x growth in 2020 so far.

VALR is the largest exchange in South Africa as of November 2020 with over 80, 000 customers since inception and having traded 17, 000 Bitcoin in September 2020 alone.

SEE ALSO: VALR Sees 5x Increase to Become the Largest Crypto Exchange in South Africa in 2020

VALR boasts consistently having the deepest liquidity in South Africa due to its negative maker fees.

Celo’s efforts across Africa have seen the organization push for the platform adoption across various jurisdictions most notably:

• Kenya
• Nigeria
• South Africa
• Uganda

Some of the African Celo alliance members, companies and brands that have committed to using and integrating the Celo Dollar (cUSD), include:

• Yellow Card
• Coin Payments
• Spe Taxi Cab
• BitFXT
• Bit2Big
• BitMama
• UABA
• Crypto Savannah
• SemiColon Africa
• Pan African Network
• Pesabase

As part of the Celo Foundation Grants Program, the following African organizations have also received funding:

• CryptoSavannah
• Pesabase
• Dunia

In an exclusive with BitcoinKE, Badi, the Co-Founder & CPO of VALR, said:

“At VALR, we believe in creating a financial system that recognises the oneness of humanity. Cryptocurrencies have the potential of achieving this vision.

We recognised that the Celo token team has a vision in line with ours and also has a promising footprint in the African continent.

We are in talks with the team to run a campaign for our customers to learn about Celo and its uses. More details to come soon.”

~ Badi Sudhakaran, Co-Founder, VALR

According to Badi, a growing demand for US Dollar stablecoins locally has also led to VALR listing PAX and USDC stablecoins.

In addition, the exchange has also listed Polkadot (DOT), one of the top 10 largest cryptocurrencies by marketcap as well as DeFi token, Compound (COMP) and general-purpose blockchain Algorand (ALGO), all tradable on VALR.

RECOMMENDED READING: Kenya’s PesaBase Emerges Winner in the Global Celo Blockchain Inaugural Camp – Edition One

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