According to Cryptonew, South Africa’s mainstream cryptocurrency exchange VALR received US$3.4 million in Series A financing. The venture capital arm of 100x, the new holding company of BitMEX’s parent company HDR Global Trading, led the investment. South African venture capital firm 4Di Capital participated in the investment. . Chain Wen noted that VALR is one of the largest cryptocurrency exchanges in South Africa, supporting more than 50 cryptocurrencies. In mid-July, BitMEX’s parent company HDR Global Trading announced the establishment of a new holding company “100x”, dedicated to reshaping the modern digital financial system into an inclusive and autonomous system.