ELA is one of the few authorised Financial Services Providers
We Partner With The Best
Circle is a world leader in the crypto industry and is leading innovation with its USDC stablecoin product. ELA is proud to be one of the few approved partners in South Africa to use USDC and the Circle infrastructure within its arbitrage product.
Arbitrage is the profiting of price differences of the same asset in different markets. Investors in countries with exchange controls – like South Africa can expect to pay more for internationally traded assets due to the restricted supply of hard currencies like the US Dollar. This is how arbitrage opportunities arise.
What exchanges do you use?
We have partnerships with many internationally recognised trading platforms, such as Kraken, Circle, Ovex, Valr and Luno.
What Stablecoin are funds settled in?
Funds are settled in ‘USDC’ rather than other currencies for arbitrage purposes because it allows for a completely low-free trade.
What is my eligible yearly off-shore allowances?
Tax compliant South Africans get R11 million a year offshore allowances. R1 million discretionary allowance and R10 million a year foreign investment allowance.
How to apply for an FIA
If you need assistance in applying for your foreign investment allowance, please inform us and on of our dedicated tax advisors will assist.
What is the minimum capital investment?
ELA requires starting capital investment of R100 000 to participate in the cryptocurrency arbitrage fund.
Office 103 Killarney Mall Office Tower, 60 Riviera Road, Killarney, Johannesburg South Africa