ZAR Coin gains prominence in the wake of South Africa's thriving cryptocurrency market.
South Africa's Boer War “unicorn” coin secured a sizable $2 million investment, highlighting the rising value of rare SA coins such as the Single ‘9’ Kruger Pond. The market saw further development with cryptocurrency exchange
VALR launching lending products offering hourly yields on both crypto and ZAR balances. Adding to this,
Bitget enabled South African Rand deposits and withdrawals, creating a more accessible platform for local players. The launch of a Rand-backed stablecoin by startup
Neonomad and the fractionalization of rare ZAR proof coins into NFTs by
South African Web3 Firm are noteworthy initiatives driving innovation in this realm.
Binance, however, delisted all ZAR trading pairs due to low liquidity volumes. This action coincides with their scaling up trading opportunities for meme coins in Africa.
South African On and Off-Ramp ZAR / XRP Exchange, Xago partnered with Bequant, indicating a move toward digital assets' custody in Africa. Lastly, the first
Rand Stablecoin, ZARP, went live and a partnership between BitGet, a top global crypto exchange, and South African Fintech, CallPay, further underpins the evolving dynamics of this vibrant market.
ZAR Coin News Analytics from Sun, 02 Sep 2012 07:00:00 GMT to Tue, 01 Apr 2025 14:37:06 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -2
