VALR is the latest to exit crypto arbitrage market

Crypto exchange VALR announced this week that it will no longer be offering crypto arbitrage to new customers from January 31, and the arbitrage service to existing customers will be wound down by February 28. “The decision to discontinue our arbitrage service has been taken to comply with some of our banking partner requirements,” says VALR in a statement. “No other VALR services are affected and your funds remain secure.

Banks feeling threatened? Asif Aziz, chief technology officer for crypto exchange LIBEX, says the company was likewise pressured by one of its banking partners to suspend its arbitrage service, prompting it to move its account to another bank better disposed to crypto arbitrage.

VALRdotcom I guess the banking partners is standard bank.

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