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South African Exchange VALR Raises Funds For Expansion

South Africa’s biggest bitcoin exchange by trading volume, VALR, has raised 57 million rand ($3.4 million) to expand into new markets. According to a blogpost by VALR, proceeds from the capital raised will be spent on exploring new products for the South African market. Products VALR intends to launch collateralized lending and derivative trading. Further, VALR is set to expand to other parts of the continent. VALR raised the 57 million rand ($3.4 million) 100X (parent company of BitMEX) and 4Di Capital. We're excited to announce that we've raised our Series A round of R57m ($3.4m) from @100xGroup (@BitMEX) and @4DiCapital with continued support from…

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