Farzam Ehsani of VALR Aims to Bring Together Crypto Innovators for a Better Tomorrow - Metaverse Post

In a recent address, Farzam Ehsani, the CEO of VALR, urged those involved in the cryptocurrency sector to reflect on their principles and to communicate more openly, fostering a spirit of unity as the industry works toward creating a more equitable financial landscape.

Ehsani shared these insights during a keynote at a prominent event in Singapore, where he elaborated on his reasons for launching the VALR exchange. Token2049 Founded by Ehsani, Badi Sudhakaran, and Theo Bohnen in 2018, VALR has emerged as South Africa's leading cryptocurrency exchange, rapidly expanding its influence globally. Offering an extensive array of products, such as spot and margin trading, perpetual futures, and staking options, the platform serves over 600,000 retail users and more than 1,000 institutional clients.

Ehsani’s inspiration for creation of VALR stems from his background in traditional finance. He grew disenchanted with the current financial system's fragmentation, particularly at a regional level, contrasting sharply with the interconnected world we inhabit today. VALR He remarked, \"The world has evolved with the internet. We exist in a time that truly embraces our shared humanity, yet our political structures and institutions seem lagging behind. ”

VALR's primary objective is to pave the way for a cohesive financial system that aligns more closely with today’s reality. As Ehsani explains, this kind of system would acknowledge our collective humanity and deliver greater benefits to all users.

Ehsani emphasized that VALR cannot achieve this on its own and is calling for collaboration within the wider crypto community. He asserted that those in the industry must prioritize ethical principles over personal gain.

Recounting a conversation with a past employee, Ehsani shared, \"He remarked that 'VALR is fundamentally moral.' I asked him to elaborate, and he explained that if you examine some of the dominant figures in the market, there’s often a stark contrast between their public personas and their behind-the-scenes activities.”

One instance he referenced involves 'chart maintenance,' a service provided to certain crypto exchanges, which allows them to artificially inflate metrics such as trading volumes and liquidity, thereby providing misleading representations of their performance to attract traders.

Ehsani expressed pride, stating, \"From the very beginning, we haven't engaged in any form of artificial volume generation or chart maintenance.\"

The CEO maintains that he has consistently declined such practices, viewing them as fundamentally opposed to the values upheld by VALR. Transparency is paramount for him; he believes customers deserve clarity about VALR's operations to make informed choices about their trading options.

The impressive growth of VALR highlights the advantages of nurturing such an honest approach. Despite never resorting to inflating trade figures, the platform has surged to become the leading rand-to-crypto marketplace globally, offering some of the most robust liquidity available without compromising its core principles.

Ehsani encouraged those listening to reflect on their values as they engage with the crypto ecosystem, noting the tendency to be swept up in the excitement and strive to appear groundbreaking when the reality may be quite different.

He further stated, \"Engaging in such behavior doesn't do justice to others, yourself, or the broader community.\" He explained, \"That's why we're committed to delivering a product that is not only of top-notch quality but also genuinely indicative of the real market landscape.\"

Ehsani elaborated on the name VALR, which is derived from the term \"value,\" signifying the essence of what the founders stand for. By choosing to drop the letters 'u' and 'e', they created a term that signals a platform designed for a global audience.

In his concluding remarks, Ehsani reflected on the prevailing turmoil and discord in the world today. With events like the upcoming Presidential election in the U.S. exacerbating societal divisions, he expressed hope that establishing a more effective financial system might contribute toward mending these rifts.

"It's counterproductive for us to frame discussions around the crypto sphere in opposition to traditional finance as if we’re at war with each other,\" he asserted. \"On the contrary, we invite anyone committed to serving humanity to collaborate with us in creating a better financial solution for all. We owe it to ourselves and the world to strive for improvement, and we hope you’ll join us on this journey.\"

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Gregory, a digital nomad from Poland, excels as a financial analyst while also contributing significantly to various online publications. His extensive experience in the financial sphere has garnered him recognition across multiple outlets. In his free time, Gregory is focused on writing a book exploring cryptocurrency and blockchain technology.