VALR Secures OTC Derivatives License in South Africa, Expanding Crypto Offerings
VALR, South Africa's largest cryptocurrency exchange by trading volume, has obtained an Over-The-Counter Derivatives Provider (ODP) license from the Financial Sector Conduct Authority. The approval positions VALR among the first platforms in the country to offer crypto-linked derivatives, including Contracts for Difference, futures, options, and swaps.
The exchange also received an additional Financial Services Provider license, enabling it to expand into traditional financial products such as shares, bonds, and securities. This regulatory milestone follows VALR's April 2024 achievement of becoming one of the first licensed crypto asset service providers in South Africa.
"This ODP license represents a critical step in integrating crypto assets into the mainstream financial system," said Farzam Ehsani, VALR's Co-Founder and CEO. The MOVE signals growing institutional acceptance of digital assets in Africa's most advanced economy.
