Luno, Africa’s biggest Crypto exchange platform, unveiled the Luno Large Cap Bundle today, enabling Luno users to access to crypto investment bundles for the first time.
By collaborating with CoinDesk Indices, the industry’s preeminent indices provider for digital assets, Luno is able to offer customers investment packages that are designed to track CoinDesk’s wide market indices and make it simpler for investors to implement and monitor their chosen investment strategies.
Approximately 70% of worldwide crypto product assets under management are tracked by CoinDesk indic. The Luno Large Cap Bundle is the first in a series of devices designed to track these indices.
“With over 10,000 cryptocurrencies, investing in crypto can be intimidating.” “Few have the time or expertise to investigate which coins are likely to succeed and assess the risk of each,” says Christo de Wit, Luno’s South Africa country manager.
“Our customers have been looking for a simple way to invest in cryptocurrency for the long term that eliminates some of the guesswork and effort required to stay on top of every market movement.” “The Luno Large Cap bundle is a simple and secure way to accomplish this,” he explains.
Read also: 10 Best Bitcoin Wallets in Nigeria (Updated 2022)
It is notable that Luno’s bundle is currently only accessible to users in South Africa.
The Luno Large Cap Bundle is based on the CoinDesk Large Cap Select Index and comprises 5-10 of the most valuable cryptocurrencies. Memecoins will not be featured since they do not match CoinDesk’s strict qualifying rules.
“Investing by tracking indices is worth considering,” says Alan Campbell, President of CoinDesk Indices, “because it gives investors exposure to crypto beyond Bitcoin with confidence that altcoins meet our quality standards intended for investability.” We are really excited about our collaboration with Luno.”
Automatic updates and index tracking
The investment bundle follows the index and is automatically updated by Luno to monitor CoinDesk’s indices. This ensures that your cryptocurrency holdings are constantly in sync with the digital assets that are most suitable for your investing strategy. Luno rebalances bundles every three months, in keeping with CoinDesk indices rebalancing of the indices.
About Luno service
An exchange, such as the Luno Exchange, is just a platform that links cryptocurrency buyers and sellers, making it secure and simple to explore. The company’s purpose is to empower individuals via the use of cryptocurrencies.
Luno was one of the first platforms to enhance the crypto marketplace experience by including local currencies. It also contributed to building the foundation for teaching people about digital currencies. Today, the firm employs approximately 400 people in London, South Africa, Malaysia, Indonesia, Nigeria, and Singapore, and serves consumers in 40 countries worldwide.