Luno, Malaysia’s leading cryptocurrency exchange, has launched Luno Bundles, enabling customers to manage and maintain a diversified portfolio of top cryptocurrencies with ease.
Partnering with top digital asset index provider CoinDesk Indices, Luno’s first available bundle tracks the CoinDesk Large Cap Select Index (DLCS), which aims to provide returns representative of the overall crypto market by always including 5-10 of the top-performing cryptocurrencies by market capitalisation.
The bundle is weighted towards top performers to ensure optimal coverage of the overall crypto market and it rebalances both weightings and constituent assets every three months in sync with the periodic adjustments to the underlying index made by CoinDesk Indices.
Scarlett Chai, Country Manager for Luno Malaysia, said, “As a cryptocurrency exchange emphasising financial inclusion, Luno Bundles is an innovative offering that drastically lowers entry barriers for customers wanting to diversify their investments into cryptocurrency”.
“With Bitcoin recently breaking its all-time high, we foresee growing interest in the cryptocurrency market coming from all walks of life; hence, this timely partnership with CoinDesk Indices ensures our customers can invest with data-led methodology easily and securely”, added Chai.
“There is an increasing demand from investors and traders for diversified portfolio options beyond bitcoin,” said Alan Campbell, President of CoinDesk Indices. “Providing a basket of assets, rather than focusing on a single digital asset, allows for broader and more balanced exposure to the crypto ecosystem. We’re thrilled that Luno offers this streamlined and accessible way to invest.”
Luno bundles only include digital assets available in Malaysia that also satisfy CoinDesk’s rigorous eligibility standards. Similarly to staking, Luno bundles is flexible; customers can “bundle” and “unbundle” at any amount via the Luno mobile app or visit the website anytime. Once the portfolio is created, customers can monitor its performance directly within the Luno app.
Read more here: www.luno.com
