Buy and sell Ethereum with Rand
VALR launches Ether-Rand (ETHZAR) trading at 11:11 a.m. on 11 July
Today we are excited to announce the launch of our second ZAR trading pair: ETHZAR. Our first ZAR trading pair, Bitcoin-Rand (BTCZAR), launched on 11 June and introduced our customers to our advanced trading capability: the Exchange Buy/Sell feature. In the last three weeks we have facilitated over R170m worth of Bitcoin trades!
Stages of ETHZAR launch on VALR.com
The ETHZAR trading launch will roll-out over 4 stages as described below. We may keep any particular stage open as long as is needed to ensure a healthy market dynamic. Please follow our VALR Twitter account where we will make announcements as the launch progresses from stage to stage.
- Deposit ETH and ZAR (already open): Customers can already fund their VALR accounts with ETH and ZAR. Learn about our Ether Deposit and Trading contests here.
- Post-only (11 July @ 11:11 a.m.): In this stage, starting at 11:11 a.m., customers will be able to post buy-orders and sell-orders on the Exchange Buy/Sell screen. No matching (or completion) of trades will be allowed, which will give time for the order book to fill up with sufficient liquidity from traders. This stage will last a minimum of 10 minutes.
- Limit-only (at least 10 minutes after Post-only stage): In this stage, customers can only place limit orders on the Exchange Buy/Sell screen (market orders and the Simple Buy/Sell feature will not yet be enabled). During this stage, orders will be allowed to match. This stage will last at least 1 hour.
- Full trading (at least 1 hour after Limit-only stage): All trades, including market orders and Simple Buy/Sell orders will be allowed.
Follow our VALR Twitter account where we will also share updates in the near future about the timing of the XRPZAR launch on VALR.
Have a question? Contact our Help Desk on help@valr.com.
