Crypto exchange VALR now offers Euro wire transfers and EURC token

With cryptocurrency use hitting new heights, Pantera-backed crypto exchange VALR has announced a significant boost to its European operations, adding a fresh option for Euro-denominated transactions.

The Johannesburg-based VALR revealed this Wednesday that it is now listing EURO Coin (EURC), a stablecoin from Circle pegged to the Euro. This new addition allows users to trade EURC against USDC, Bitcoin, and the South African Rand (ZAR) with pairs such as EURC/USDC, EURC/BTC, and EURC/ZAR now available.

The exchange has also started accepting Euro deposits via Wire Transfer, supporting both SWIFT and SEPA transactions. Through a partnership with Circle, users can buy EURC directly or work with VALR’s OTC Trading Desk for bulk purchases.

These updates are poised to strengthen VALR’s presence in the European cryptocurrency market. By offering more accessible Euro transaction options, VALR aims to attract a broader user base. The introduction of EURC should enhance trading flexibility and pave the way for new trading opportunities.

VALR’s expansion into Euro deposits and the EURC listing reflects a growing trend among cryptocurrency platforms to integrate fiat currencies, catering to an expanding user base. As the industry grows, such integration is becoming essential for exchanges to remain competitive.

Farzam Ehsani, CEO and Co-founder of VALR, commented on the launch: “Listing EURC on VALR and enabling customers to convert Euros to EURC via wire transfer is a major milestone in our mission to offer comprehensive and accessible cryptocurrency services. Our partnership with Circle ensures a smooth and secure experience for our users.”

Founded in 2018, VALR now serves over 1,000 corporate and institutional clients and nearly 700,000 traders globally. Based in Johannesburg, VALR is licensed by South Africa’s Financial Sector Conduct Authority (FSCA), authorized to operate in Europe, and has received initial approval from Dubai’s VARA. The exchange has raised $55 million from investors like Pantera Capital, Coinbase Ventures, and Avon Ventures, associated with Fidelity Investments’ parent company.

VALR Founder Farzam Ehsani