May 20, 2024, Johannesburg, South Africa
VALR, a Pantera-backed cryptocurrency exchange, is pleased to announce support for the TRON network, facilitating fast and easy stablecoin trading. Additionally, VALR now offers an on-chain staking product for TRON (TRX), offering annual percentage rates (APRs) of up to 3%.
VALR’s new TRX staking product addresses the needs of users who want to take advantage of staking opportunities without directly interacting with DeFi protocols. VALR’s staking product is a liquid staking solution. This means users can distribute rewards over time, staking, unstaking, and re-staking at any time, efficiently earning compounded returns. All these features are available within the VALR platform, providing users with a one-stop solution.
VALR already offers similar on-chain staking solutions for Solana (SOL) and Avalanche (AVAX), and plans to expand these products to more protocols in the near future.
Introduction to VALR
Founded in 2018, VALR is a global cryptocurrency exchange serving over 1,000 corporate and institutional clients and over 600,000 traders worldwide.
VALR, headquartered in Johannesburg and licensed by the FSCA in South Africa and authorized to provide services in Europe, has secured $55 million in equity funding from high-profile investors including Coinbase Ventures, a subsidiary of Fidelity Investments’ parent company, Pantera Capital and Avon Ventures. .
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
To learn more about VALR staking, visit VALR Staking. Media inquiries: (email protected)
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