BitMEX Owner Leads $3.4M Round for South African Crypto Exchange

[Riya143]

100x Group has participated in a Series A funding round for a South African crypto exchange, saying it offers an entry point into the fast-growing market.

The recently-renamed parent company of derivatives exchange BitMEX confirmed Monday that it had led the $3.4 million Series A for the Johannesburg-based exchange VALR.
VALR has offered trading pairs for the rand against bitcoin, ether and XRP since June 2019.
The investment will fund expansion into other countries as well as new products and services.
Read More: https://www.coindesk.com/bitmex-owner-lead-round-south-african-crypto-exchange