South African DeFi startup,
NeoNomad, has launched the
ZARCoin, a stablecoin that's pegged on the South African Rand, establishing a promising development in the country's crypto market.
As the world continues to enter the crypto market, Binance, a top trading platform, boosted Bitcoin, Ether trades along with the inclusion of several other African fiat currencies.
ZAR appears to gain more international recognition with the BRICS bank issuing its first
ZAR Bonds. Simultaneously, Bitcoin surged to record highs in African fiat, redefining the potential influence of cryptocurrencies in the continent.
Altify, a renowned platform in the crypto world, has introduced AI, Memecoin, and other cryptocurrencies, which investors can purchase with
ZAR. Old coins are also reportedly valuable, hitting around R20 million.
In a quest to augment liquidity, Old Mutual Wealth, a leading South African company, plans to back the Rand ZARP Stablecoin. VALR, another frontier exchange in South Africa, is set to launch BTC and USDT Futures Trading against the South African Rand(ZAR). Notably, however, Binance delisted South African Rand trading pairs due to failure to meet 'High-Level Standards'.
A wave of regulation enters the South African market with AltCoinTrader, a crypto Exchange, receiving Categories 1 and 2 licenses from the FCSA.
Because of the buzz and dynamism in South Africa's crypto market, numerous virtual wallets have been introduced to the ecosystem. With the continuous surge in Bitcoin prices, the USD/ZAR has grabbed the spotlight in emerging market FX. Finally, Ripple has launched its XRP trading pair against the ZAR, expanding market choices for traders in South Africa
ZAR Coin News Analytics from Tue, 29 Apr 2014 07:00:00 GMT to Wed, 31 Jul 2024 07:00:00 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
