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Luno Announces Partnership with Shopee

Luno Announces Partnership with Shopee

Luno and Shopee declared a new partnership on Jan. 28, marking the first-ever collaboration between an e-commerce player and a crypto platform in Malaysia. The venture aims to offer Malaysians access to deals, discounts, and vouchers on Shopee to purchase and convert into cryptocurrencies on the Securities Commission-regulated crypto exchange platform, Luno.

Luno stated that it intends to leverage Shopee’s large user base to attract new customers by offering RM15 bitcoin voucher at only RM1, along with other attractive vouchers available on Luno’s official store on Shopee. Additionally, as part of the Chinese New Year celebration, Luno is offering discounted trading fees, lowered 0.2 per cent for all customers until March 31, 2020.

“Being a regulated exchange allows us to explore new ways of expanding access to crypto for users in Malaysia. An innovative approach is to leverage the breadth and depth of e-commerce players like Shopee. We expect this effort to drive massive awareness and adoption, making it easy for users on Shopee to access crypto and begin their investment journey. We certainly look forward to working closely with Shopee on further groundbreaking projects.”

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Aaron Tang, Country Manager of Luno Malaysia

Kenneth Soh, head of Shopee Mall, Shopee Malaysia told one of the key reasons Shopee has been able to stay ahead is because the company strives to make its product assortment wide and accessible to all. Now, it offers its users the opportunity to try their hands on cryptocurrency.

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