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Luno Dominates Digital Assets Market in Malaysia

Luno Dominates Digital Assets Market in Malaysia

Luno Exchange-techcryption

After the relaunch in 2019, Luno Malaysia currently dominates the digital assets market share in Malaysia. It is the biggest regulated exchange in Malaysia with more than 180,000 users and over RM 827 million worth of transactions within a year course.

In a live media session, Aaron Tang, Luno Malaysia Country Manager, shared the exchange achievements for the past year. Currently, Luno Malaysia stores more than RM 165 million of assets.

According to Aaron, 68% of Luno Malaysia customers buying digital assets to diversify their investment portfolios. He also highlighted the steady increase in Malaysians to consider digital asset as a store of value or a choice to start their investment journey.

He also shared their center of focus is customer security and usability. Among the efforts is introducing a faster method for customers to deposit funds via FPX. Another new feature is the Repeat Buy, allowing customers to schedule automatic purchase of digital assets.

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Moving forward, we hope the innovation, democratization, and expansion of access brought about by regulated cryptocurrency exchanges, as well as continued governmental recognition of the services, will provide a conducive environment for users to purchase and trade digital assets safely.

Aaron Tang, Luno Malaysia Country Manager

Luno is a leading global cryptocurrency company with over 5 million customers in 40 countries and a team of over 300. Headquartered in London, Luno operates across Africa, South East Asia and Europe. Its products and services make it safe and easy to buy, store and learn about cryptocurrencies like Bitcoin and Ethereum. Luno’s vision is to upgrade the world to a better financial system.

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