South Africa’s VALR receives crypto derivatives licence
The approval marks a significant development in South Africa’s financial landscape.
VALR, South Africa’s largest cryptocurrency exchange by trading volume, has received regulatory approval to operate as an Over-The-Counter Derivatives Provider (ODP) and Financial Services Provider (FSP). The licences were granted by the Financial Sector Conduct Authority (FSCA), positioning VALR among the first entities in the country authorised to offer such services for crypto assets. The ODP licence enables VALR to offer a range of derivative products, including Contracts for Differe
