VALR, Africa’s leading cryptocurrency exchange in terms of trading volume, has unveiled perpetual futures trading, introducing the world’s pioneering Bitcoin and USDT perpetual futures paired against the South African Rand.

The introduction of BTC/ZAR and USDT/ZAR perpetual pairs by VALR also includes the listing of BTC/USDT perpetual futures, presenting an alternative to major platforms such as Binance, ByBit, and Kraken.

Unlike their counterparts in traditional finance, perpetual futures lack an expiry date, enabling more sophisticated risk-management strategies. These instruments have become the most heavily traded in the crypto realm, accounting for over 75% of global crypto trading volumes.

Initially offering up to 5x leverage across all perpetual markets, VALR aims to enhance capital efficiency for traders.

Gianluca Sacco, VALR’s Chief Operating Officer, expressed, “We’ve developed what we consider the most seamless futures product in the entire industry. Our customers can seamlessly navigate across spot, spot margin, and perpetual futures markets, all within a single account and utilizing a unified collateral source. Trading perpetuals has never been this effortless.”

The launch of perpetual futures on VALR follows the successful introduction of spot margin trading. Furthermore, the exchange recently formed a partnership with Visa, the world’s largest payment network. VALR has also acquired approval to offer crypto services in Europe and is actively pursuing licenses in Mauritius and Dubai, having received initial approval from VARA, Dubai’s Virtual Assets Regulatory Authority.

Farzam Ehsani, VALR Co-Founder and CEO remarked, “We’ve received feedback from our institutional customers that our offering positions VALR strongly among the emerging global exchanges. This is a testament to the immense effort and dedication our entire team has invested in crafting this world-class product.”

Initially, perpetual futures trading will exclusively take place on VALR.com, with forthcoming support for mobile applications.