Crypto exchange Valr has announced it has closed its crypto arbitrage service to new customers in order to comply with the requirements of its banking partner. This announcement makes Valr the latest South African crypto exchange platform to close its arbitrage business. Ovex was one of the first exchanges to announce its exit from the market. Banking Partner Requirements Push Exchange out of Arbitrage Market The South African cryptocurrency exchange, Valr, will be exiting the crypto arbitrage market on February 28 in order to comply with its banking partner’s requirements, a report has said. The exchange also revealed it stopped offering crypto arbitrage to new customers on January 31. With this announcement, Valr becomes the latest South African cryptocurrency exchange to exit the crypto arbitrage market in 2022. Ovex became one of the first exchanges to state it would be exiting the crypto arbitrage business after it issued a statement informing its clients of the decommissioni...
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