BitMEX has become a business angel for the VALR crypto exchange

The start-up crypto-exchange VALR, operating under the jurisdiction of the Republic of South Africa, managed to raise $3.4 million. The main investor was a subsidiary of the major operator BitMEX.

Where is this coming from?

The information appeared on the official page of the VALR crypto exchange on Twitter.

Who invested?

In addition to BitMEX, the ex-CEO of a fairly large crypto-platform in South Africa First National Bank, Michael Jordan, as well as Bittrex company took part in financing.

VALR plans and achievements

The funds raised will be used to increase the number of employees and expand the geography of the company's influence. VALR representatives say, to date, their user base includes 40 thousand clients.