ZAR Coin emerged in a myriad of crypto news pieces recently, most notably, impacted by the South African rand's slip against a robust dollar and stock market fluctuation.
Bitcoin's price rally significantly affected crypto investors, especially in regional economies, and drew attention to the relationship between cryptocurrency adoption and ZAR stability. A case in point,
Binance, promoted Bitcoin and Ether trading in South African currencies among others, offering fee incentives.Concurrently, BRICS Bank issued its first ZAR bonds, attempting to leverage local currencies. Bitcoin, meanwhile, surpassed the R1m mark, eliciting both celebration and concern. This occurred alongside South African Fintech,
PayCorp, launching
CryptoExpress to facilitate Crypto to Cash (ZAR) conversion. Meanwhile,
Krugerrands, South Africa's gold coins, drew attention while cryptocurrency regulations in South Africa were reviewed.The twist came when Binance delisted South African Rand trading pairs, citing they didn't meet 'High-Level Standard'. Still, South African Crypto exchange, AltCoinTrader, celebrated receiving Category 1 and 2 licenses from FCSA while
VALR, another South African exchange, launched BTC and USDT futures trading against the Rand.Simultaneously, another South African on and off-ramp exchange, Xago, partnered with European liquidity provider, Bequant. The first ZAR stablecoin,
ZARP, also made its debut on the OVEX exchange. Binance then enabled instant Rand deposits while ZAR Coin's future hung in balance due to the dipping Rand and the rise of Bitcoin. VALR crypto exchange matched LEUNO's Bitcoin trading volumes, prompting South Africans to check their old money's value.
ZAR Coin News Analytics from Tue, 29 Apr 2014 07:00:00 GMT to Wed, 17 Jul 2024 08:29:52 GMT -
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