VALR, Africa’s largest cryptocurrency exchange by trading volume, has launched a new perpetual futures product powered by Hyperliquid’s on-chain liquidity. The move marks the first time a centralized exchange (CEX) has directly integrated and offered a product based on the decentralized derivatives platform.
The product, called “Perps on VALR,” will provide access to more than 200 markets through an integration with HyperliquidX. The offering covers crypto assets, global equities like NVIDIA and Tesla, commodities such as oil and natural gas, and selected forex pairs. Web access is scheduled for July 6, with mobile support expected shortly after.
This integration uses Hyperliquid’s permissionless infrastructure and its HIP-3 framework, which supports third-party market deployment. VALR’s Chief Operating Officer Gianluca Sacco said the launch aims to give users access to deep on-chain liquidity through a familiar, regulated platform. Hyperliquid founder Jeff Yan confirmed that VALR will utilize Hyperliquid’s infrastructure to power its core perpetuals offering.
VALR serves over 1.9 million registered users and 1,900 institutional clients, operating under regulation from South Africa’s Financial Sector Conduct Authority. The exchange is backed by Pantera Capital and Coinbase Ventures. The move effectively bridges the gap between the user-friendly, compliant world of CEXs and the innovative, self-custodial technology of DeFi, simplifying access for African traders and potentially paving the way for further CEX-DeFi integrations.
