From 21 September, Malaysians can now buy, sell, and store Cardano (ADA) on their Luno app and website. Solana (SOL) will also be added to its platform from 6 October.
ADA and SOL are the latest additions to be made available on Luno’s licensed digital asset exchange in Malaysia, following the addition of Chainlink (LINK) and Uniswap (UNI) earlier this year. This brings the total number of coin offerings for Malaysians to nine.
“As big advocates of building for the long term, we believe it’s important to give customers access to newer crypto applications that have a promising future. In a constantly evolving crypto landscape, we want to empower financial literacy amongst Malaysians by promoting a stronger understanding of digital assets and investment.
“More importantly, we want our investors to be able to progress in their crypto journey with Luno with the peace of mind that comes with the rigorous security that customers rely on from Luno,” Luno Country Manager Aaron Tang said.
According to Tang, while ADA and SOL meet Luno standards for safety, being listed on Luno is not an endorsement of its future potential as an investment. “Luno assesses prospective assets based on factors like security, compliance, and utility, but will always suggest that anyone looking to invest in crypto do the necessary research and exercise good judgement before investing,” Tang explained.
Cardano is described as a ‘next gen evolution’ of Ethereum while Solana is the fastest blockchain in the world, the statement added.
As part of the launch promotion, investors will be able to enjoy 50% off Instant Buy and Sell, in addition to reduced Luno Exchange fees for Cardano from 21 September – 20 October 2022 and Solana from 6 October – 7 November 2022. Please refer to Luno’s website for more details on the promotion.
