South Africa’s leading crypto exchange, VALR, has secured an Over-The-Counter (OTC) Derivatives Provider license from the Financial Sector Conduct Authority (FSCA), marking a significant development in the integration of crypto assets into traditional finance. This approval enables VALR to offer a wide range of derivatives products, including Contracts for Difference (CFDs) with cryptocurrency as underlying assets, Quarterly and Perpetual Futures Contracts, Options, Forwards, and Swaps, all leveraging cryptocurrency as the underlying asset. This is one of the first instances in South Africa where such financial services are offered for crypto assets, setting a new precedent within the industry. The FSP license further strengthens VALR’s capacity to offer traditional financial products like deposits, bonds, and securities, expanding its service offering significantly. VALR’s journey toward comprehensive financial solutions has been marked by consistent regulatory milestones, following its achievement in April 2024 as one of the first CASPs to receive Category I and II licenses from the FSCA. Co-Founder and CEO Farzam Ehsani highlights the importance of this ODP license for integrating crypto assets into established financial instruments, offering secure, compliant products, and ensuring regulatory excellence.