Luno, Malaysia’s leading regulated digital asset exchange (DAX), expands its asset offerings with the launch of Aave, Curve, Maker, Synthetix and Stellar. The five new assets bring Luno’s o erings to 18, making it the DAX’s biggest batch to be launched in the country.
The introduction of these five DeFi (Decentralised Finance) assets marks a significant step forward for Luno as it continues to broaden its product offering to meet Malaysia’s growing demand for digital currencies and DeFi solutions made accessible.
Key Features of the New Coin Listings
- Aave (AAVE): Aave connects counterparties directly without the need for intermediaries. It is one of the largest digital assets lending platforms, with over $17 billion secured across supported blockchains.
- Curve (CRV): Curve lets investors trade stablecoins and other digital assets for lower fees. Curve has gained popularity as a liquidity provider for stablecoins like USD Coin and USDT.
- Maker (MKR): Sky, formerly MakerDAO, allows investors to temporarily lock up their digital assets in return for one of their stablecoin, Dai (DAI) or USDS (USDS). It’s attracted major investors, including Andreessen Horowitz, one of the world’s leading venture capital firms.
- Synthetix (SNX): Synthetix enables the creation of synthetic assets, allowing investors to trade real-world assets like commodities, currencies, and stocks on the blockchain. It o ers investors exposure to various financial instruments, making it a key player in the DeFi space.
- Stellar (XLM): Stellar connects traditional financial institutions with blockchain technology, enabling rapid and cost-e ective transactions between fiat currencies and digital assets.
Luno’s country manager for Malaysia, Scarlett Chai, said, “We are excited to be the first regulated DAX in Malaysia to introduce this diverse selection of DeFi tokens to our customers. These tokens represent the cutting edge of decentralised finance, offering more options and opportunities for users to participate in the evolving digital asset ecosystem.”
“To date, Luno has spearheaded 18 of the 19 approved assets by the Securities Commission Malaysia, a testament to Luno’s commitment to driving digital asset adoption in a safe and regulated environment. Our further expansion into the DeFi space enables investors to diversify their portfolios and leverage decentralised applications (dApps) utilities,” added Chai.
Luno undertakes a thorough screening process when adding new assets for customers to invest in or trade based on stringent technical, regulatory, and legal criteria. Luno always recommends that customers do their research and exercise good judgement. Its freely accessible and unbiased education portal, Luno Discover, aids customers in their digital asset journey as they practise responsible investing.
More info: www.luno.com
