PETALING JAYA: Luno, a cryptocurrency exchange, has achieved almost US$1bil (RM4.2bil) in total transactions on its platform in Malaysia so far this year.
Luno Malaysia country manager Aaron Tang (pic) said more people are accepting cryptocurrencies as an asset class, as a payment method, a store of value and a hedge against inflation.
In 2020, Luno Malaysia saw a total transaction of US$300mil (RM1.23bil) on its platform.
“We believe cryptocurrency adoption is still at its early stage. According to some research, only about 2.5% of the world population own cryptocurrencies, ” he said at a briefing.
Luno Malaysia is currently storing more than RM1bil digital assets including bitcoin, ethereum, ripple and litecoin.
Luno sees RM4 11b of transactions so far this year
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