Exchange operator Luno stays upbeat

“Investors will remain cautious in the next few months due to various factors. Our advice to them is do not take risks that they cannot manage,” Luno Malaysia country manager Aaron Tang said after the launch of Luno’s “Move with Luno” campaign.

PETALING JAYA: The bursting of the price rally in cryptocurrencies has not deterred Malaysian investors from the asset class.

Luno Malaysia Sdn Bhd said local investors continue to buy digital coins but the exponential growth in new accounts it registered in 2021, at the height of the Covid-19 pandemic, has normalised to lower levels in 2022 after financial markets turned bearish.