VALR, Africa's largest cryptocurrency exchange by volume, has directly integrated Hyperliquid's Layer-1 blockchain to launch a new perpetuals product, a first for a major regulated centralized exchange.
The product offers leveraged long and short positions on over 200 markets, including global equities like NVIDIA and Tesla, commodities such as oil and natural gas, forex pairs, and cryptocurrencies. Web access is scheduled for July 6, with mobile support to follow.
Serving more than 1.9 million users and 1,900 institutional clients, the Fintech platform is using Hyperliquid's permissionless infrastructure for trade execution and liquidity, leveraging its HIP-3 protocol for efficient market deployment.
Founded in 2018 and regulated by South Africa’s Financial Sector Conduct Authority, VALR represents a regulated front end sourcing liquidity from a decentralized back end. Its institutional backers include Pantera Capital and Coinbase Ventures.