Is VALR trading legit?

Could you please clarify whether VALR trading is considered legitimate in the cryptocurrency and finance industry? Are there any credible sources or regulatory bodies that have verified its authenticity and trustworthiness? Are there any known security issues or concerns that investors should be aware of when using VALR for their trading activities? I'm interested in understanding the overall reputation and standing of VALR in the market, as well as any potential risks associated with using their platform.