Crypto exchange Luno has launched Luno Bundles, a feature aimed at helping customers manage and maintain a diversified portfolio of top cryptocurrencies.
The first bundle, developed in partnership with top digital asset index provider CoinDesk Indices, tracks the CoinDesk Large Cap Select Index (DLCS).
The bundle includes 5-10 leading cryptocurrencies by market capitalisation, weighted towards top performers to reflect overall market performance.
It rebalances weightings and constituent assets every three months in line with updates from CoinDesk Indices.
Luno Bundles only include digital assets available in Malaysia that meet CoinDesk’s eligibility standards.
Customers can “bundle” and “unbundle” their investments at any amount, with the flexibility to adjust portfolios directly through the Luno app or website at any time.
Luno Bundles is now available for customers in Malaysia.
Scarlett Chai, Country Manager for Luno Malaysia, said,
“As a cryptocurrency exchange emphasising financial inclusion, Luno Bundles is an innovative oering 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.”
Alan Campbell, President of CoinDesk Indices, said,
“There is an increasing demand from investors and traders for diversified portfolio options beyond bitcoin.
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.”
