Cryptocurrency Exchange VALR Launches Grand Slam Trading Competition with a Whopping $60 Million Prize Pool

VALR, a crypto exchange backed by Pantera, has announced the launch of "Grand Slam of Trading Competitions," a 12-month Futures trading incentive program with a prize pool of over 60 million USDT, the world's largest in its category. Aiming to attract both professional and retail traders, the program offers monthly prizes ranging from 30,000 to 5 million USDT based on trading volume, along with additional tiered prizes in monthly competitions.

VALR Unveils Grand Slam of Trading Competitions with a Mammoth $60 Million Prize Pool

Johannesburg, South Africa, April 17th, 2024, Chainwire

VALR, the Pantera-backed cryptocurrency exchange offering a comprehensive suite of trading options, has announced the launch of its highly anticipated Grand Slam of Trading Competitions. This unprecedented initiative features a staggering prize pool of over 60 million USDT, the largest of its kind in the futures trading arena.

The Grand Slam, commencing in May and spanning twelve consecutive months, is meticulously designed to cater to both professional and retail traders. The program has already garnered immense enthusiasm from some of the industry's leading trading firms, signaling its potential to revolutionize the futures trading landscape.

VALR's Grand Slam of Trading Competitions will automatically enroll all users who engage in Perpetual Futures trading on its platform. Monthly prize pools, ranging from 30,000 to a whopping 5 million USDT, will be distributed based on the total trading volume across all futures pairs. This innovative structure ensures that traders actively contribute to and benefit from the platform's growth, fostering enhanced liquidity and market dynamism.

In addition to the substantial main prize pool, VALR is introducing monthly futures trading competitions with over 1 million USDT in prizes. These competitions will be tiered by participation rather than volume, leveling the playing field for retail traders of all levels and increasing their chances of winning rewards. This initiative underscores VALR's unwavering commitment to providing equal opportunities for traders of all backgrounds and experience levels to profit from the platform's offerings.

Farzam Ehsani, Co-Founder and CEO of VALR, expressed his excitement about the launch: "I am thrilled to introduce the Grand Slam of Trading Competitions on VALR with an unfathomable prize pool. The support and interest we have received from prominent trading firms worldwide demonstrate that this initiative will be transformative for both VALR and our burgeoning user base."

"Our primary objective with this program is to create an ecosystem where every trader, regardless of skill or experience, has the opportunity to share in tens of millions of dollars in prizes annually," Ehsani added.

Since its inception in 2018, VALR has solidified its position as a formidable force in the cryptocurrency industry, serving over 1000 corporate and institutional clients and more than half a million retail traders globally. With licenses from the Financial Sector Conduct Authority (FSCA) in South Africa, initial approval from the Dubai Virtual Assets Regulatory Authority (VARA), and approval from the Polish Ministry of Finance to operate within the European Union, VALR has cemented its credibility as a trusted and compliant crypto exchange.

The company's remarkable growth has been fueled by $55 million in funding from renowned investors, including Pantera Capital, Coinbase Ventures, and Avon Ventures, affiliated with Fidelity Investments. This investment has provided VALR with the resources to continuously innovate and expand its offerings, solidifying its position as a leading destination for cryptocurrency trading.

For further details about the Grand Slam of Trading Competitions and the registration process, please visit valr.com/grand-slam.

About VALR

Established in 2018, VALR is a global cryptocurrency exchange that caters to a diverse clientele, including over 1000 corporate and institutional clients and more than half a million users worldwide. Headquartered in Johannesburg, South Africa, VALR has raised $55 million in equity funding from esteemed investors, including Coinbase Ventures, Pantera Capital, and Avon Ventures, affiliated with the parent company of Fidelity Investments. Visit valr.com for more information.

Contact

VALRinfo@valr.com