Luno First in Malaysia to Get SC Approval to Offer LINK and UNI TradingJune 21, 2022 0 comments
Digital asset exchange Luno today announced that it is the first to be approved by the Securities Commission Malaysia to offer Chainlink (LINK) and Uniswap (UNI) for trading on its platform.
Users can now buy, sell and store LINK and UNI on the Luno app and website, alongside its existing cryptocurrency offerings.
As part of the launch of the new coins, investors will get 50% off Instant Buy and Sell and reduced Luno Exchange fees for both Chainlink and Uniswap from now till 20 July 2022.
Additionally, Luno has also launched its USDC Savings Wallet and the two new crypto offerings on its Singapore platform.
The savings wallet for USDC is a good avenue for new customers to grow their investments passively as it offers a familiar interest product to traditional banking.
However, Luno said in a statement that while LINK and UNI meets its standards for safety, being listed on its app is not an endorsement of its future potential as an investment.
Luno went on to add that even though it assesses prospective assets based on security, compliance, and utility, the company would advise users looking to invest in crypto to do their research and exercise good judgement before investing.
Aaron Tang, Country Manager of Luno Malaysia shared,
“While it’s important to note that these newer crypto applications are still in their early stages, at Luno, we believe it is important that we give investors access to them while offering the careful guidance and rigorous security that we are known and trusted for.
Support for any cryptocurrency requires careful technical and compliance review and is subject to regulatory approval by the Securities Commission of Malaysia. Our priority remains to ensure the same simple and secure experience that has enabled it to successfully support investors worldwide as they get started with cryptocurrency.”