A perpetual futures trading feature containing the world’s first Bitcoin and USDT perpetual futures matched against the South African Rand was introduced by VALR, the largest cryptocurrency exchange by trading volume in Africa.

VALR has listed the BTC/USDT perpetual future in addition to the BTC/ZAR and USDT/ZAR perpetual pairs, providing an alternative to platforms such as Binance, ByBit, and Kraken.

Perpetual futures, which have no expiration date and enable more complex risk-management techniques than their typical financial cousin, are now the most traded cryptocurrency-related asset, making up over 75% of all worldwide trading volumes.

Initially, VALR will provide up to 5x leverage on all permanent markets, giving traders more capital efficiency.

“We think the futures product we’ve created is the most smooth in the whole market. With only one account and one source of collateral, our clients can trade in the spot, spot margin, and perpetual futures markets. The experience of trading perpetuals has never been easier, according to VALR’s Chief Operating Officer, Gianluca Sacco.

Following the successful debut of spot margin trading and the crypto exchange’s recent collaboration with Visa, the biggest payment network in the world, perpetual futures have been introduced on VALR. After receiving preliminary clearance from VARA, Dubai’s Virtual Assets Regulatory Authority, VALR was also granted authorization to provide cryptocurrency services in Europe. The company is also seeking licenses in Mauritius and Dubai.

The CEO and co-founder of VALR, Farzam Ehsani, continued:

“Our institutional clients have already told us that VALR is well-positioned to compete as one of the emerging global exchanges thanks to the infrastructure we’ve constructed. This demonstrates the extraordinary amount of work and commitment our whole team has put into creating this top-notch product.