Luno Launches “Luno Bundles” In Partnership With CoinDesk Indices
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Luno, one of Malaysia’s leading cryptocurrency exchanges, has recently launched its Luno Bundles. This will enable customers to better maintain and manage their diversified portfolios with ease.
The bundle was launched in partnership with digital asset index provider CoinDesk Indices. The bundle tracks the CoinDesk Large Cap Select Index (DLCS).
It aims to provide returns representative of the overall crypto market. This is a achieved by including 5-10 of the top-performing cryptocurrencies by market capitalisation.
Lowers entry barriers to help diversify investments
The bundle is also weighted towards top performers. As such, it ensures that there is optimal coverage of the overall crypto market. This is through rebalancing both weightings and constituent assets every three months in sync with the periodic adjustments to the underlying index made by CoinDesk Indices.
“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,” said Scarlett Chai, Country Manager for Luno Malaysia.
“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”, she added.
Provide more balanced exposure to crypto investments
Alan Campbell, President of CoinDesk Indices, also mentioned that there is increasing demand for more diversified portfolio options beyond bitcoin. By providing a bundle of assets, platforms can allow for broader and more balanced exposure to the crypto ecosystem.
Luno bundles only include digital assets available in Malaysia that also satisfy CoinDesk’s rigorous eligibility standards. Similarly to staking, Luno bundles are flexible; customers can “bundle” and “unbundle” at any amount via the Luno mobile app or visit the website anytime.
