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Digital Asset Platform Luno in Malaysia Reports RM 1B or $240M in AUM following Bitcoin, Ethereum, Crypto Market Rally
Luno, a crypto-asset trading platform in Malaysia that has been cleared by the
Securities Commission, has revealed that it’s now managing over RM 1 billion or $240 millon worth of digital assets. This milestone has been reached in less than 2 years since the company relaunched its business operations in Malaysia (back in 2019).
Luno’s crypto-assets under management include 4 locally approved digital currencies: Bitcoin (BTC) with a 62% allocation; Ethereum (ETH) at 23%; XRP at about 10%; and Litecoin (LTC) at 5%.
Luno also noted that it managed to surpass half a million verified users (588,994) in Malaysia. There’s been a major influx of new users durng the second half 2020. Luno reports more than 300% quarter-on-quarter (Q-o-Q) customer growth and RM3.97 billion in total transactions. These figures suggest an overall positive trend of cryptocurren
Luno’s asset under management crosses RM1 billion mark 14 Apr 2021 / 20:47 H.
PETALING JAYA: Luno unveiled that its digital asset under management has reached RM1 billion in less than two years from its relaunch in Malaysia after being approved by the Securities Commission.
It revealed the digital assets consist of four approved cryptocurrencies – Bitcoin (BTC) 62%, Ethereum (ETH) 23%, Ripple (XRP) 10%, and Litecoin (LTC) 5%.
Simultaneously, the exchange said its verified users in the country stand at 588,994 people following the influx of signups in the later parts of 2020, which translated to over 300% quarter-on-quarter (qoq) customer growth and RM3.97 billion in total transactions, marking a positive trend of cryptocurrency demand in the country.
Luno’s asset under custody crosses RM1 billion mark 15 Apr 2021 / 16:42 H.
PETALING JAYA: Luno unveiled that its digital asset under custody has reached RM1 billion in less than two years from its relaunch in Malaysia after being approved by the Securities Commission.
It revealed the digital assets consist of four approved cryptocurrencies – Bitcoin (BTC) 62%, Ethereum (ETH) 23%, Ripple (XRP) 10%, and Litecoin (LTC) 5%.
Simultaneously, the exchange said its verified users in the country stand at 588,994 people following the influx of signups in the later parts of 2020, which translated to over 300% quarter-on-quarter (qoq) customer growth and RM3.97 billion in total transactions, marking a positive trend of cryptocurrency demand in the country.
KUALA LUMPUR (April 14): Luno, the first Securities Commission-approved digital asset exchange, has managed more than RM1 billion digital assets, a new milestone since its relaunched in Malaysia in 2019.
In a statement today, it said Luno Malaysia s digital assets under custody comprise four approved cryptocurrencies, namely Bitcoin, 62%; Ethereum, 23%; Ripple, 10%; and Litecoin, 5.0%.
Luno said it gained over 300% quarter-on-quarter customer growth in Malaysia with an influx of new users at the end of 2020, and now has 588,994 verified users in the country, amounting to RM3.97 billion in total transactions, as at January 2021.
Luno Malaysia country manager Aaron Tang said 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 a start to their investing journey.
Thursday, 15 Apr 2021 05:12 PM MYT
KUALA LUMPUR, April 15 Luno, the first Securities Commission-approved digital asset exchange, has managed more than RM1 billion digital assets, a new milestone since its relaunched in Malaysia in 2019.
In a statement today, it said Luno Malaysia’s digital assets under custody comprise four approved cryptocurrencies, namely Bitcoin, 62 per cent; Ethereum, 23 per cent; Ripple, 10 per cent; and Litecoin, 5.0 per cent.
Luno said it gained over 300 per cent quarter-on-quarter customer growth in Malaysia with an influx of new users at the end of 2020 and now has 588,994 verified users in the country, amounting to RM3.97 billion in total transactions, as at January 2021.