VALR, a cryptocurrency exchange with backing from Pantera, has announced the upcoming launch of its Grand Slam of Trading Competitions. This program will offer the largest prize pool in crypto history, with over 60 million USDT available to attract traders globally. This move aims to establish VALR as a top exchange in competition with well-known platforms like Binance and ByBit. Scheduled to start in May and last for twelve months, the program is expected to draw both experienced and new traders, with interest already high among major trading firms.

The Grand Slam of Trading Competitions by VALR will automatically enroll users trading Perpetual Futures on the platform. Monthly prize pools will vary from 30,000 to 5 million USDT, based on total trading volume for the month across all futures pairs. This approach ensures that traders play a part in and reap the benefits of the platform's growth, improving liquidity and market activity.

In addition to the primary reward pool, VALR is introducing monthly futures trading contests with over 1 million USDT in prizes, structured based on participation rather than volume. This change makes it easier for traders of all levels to compete for rewards, demonstrating VALR's commitment to providing equal opportunities for all users.

Farzam Ehsani, Co-Founder and CEO of VALR, expressed enthusiasm for the launch, stating that the Grand Slam of Trading Competitions promises to be a game-changer with the support of major trading firms worldwide. Ehsani highlighted the initiative as an opportunity for both VALR and its growing user base to benefit significantly.

Since its inception in 2018, VALR has emerged as a key player in the crypto industry, serving a diverse client base of over 1000 corporate and institutional clients and more than half a million retail traders globally. Licensed by South Africa's FSCA, with initial approval from Dubai's VARA, and approval from Poland's Ministry of Finance to serve the European Union, VALR has secured $55 million in funding from investors like Pantera Capital, Coinbase Ventures, and Avon Ventures, associated with Fidelity Investments. For further details on the program, please visit valr.com/grand-slam.

Founded in 2018, VALR is a leading global crypto exchange catering to over 1000 corporate and institutional clients, along with more than half a million users worldwide. Headquartered in Johannesburg, South Africa, VALR has secured $55 million in equity funding from reputed investors such as Coinbase Ventures, Pantera Capital, and Avon Ventures, connected to Fidelity Investments' parent company. Visit valr.com for additional information.