Luno’s RM1bil digital asset milestone

According to Luno Malaysia country manager Aaron Tang, (pic) the interest in cryptocurrency has been on an upward trend in Malaysia with many investors looking to cryptocurrencies as an alternative store of value or as a start to their investing journey.

KUALA LUMPUR: Luno, the first Securities Commission-approved digital asset exchange, has managed more than RM1bil digital assets, a new milestone since its relaunched in Malaysia in 2019.

Luno Malaysia’s digital assets under custody comprises four approved cryptocurrencies, namely bitcoin, 62%; ethereum, 23%; ripple, 10%; and litecoin, 5%.