{"id":66040,"date":"2024-11-22T16:41:04","date_gmt":"2024-11-22T08:41:04","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=66040"},"modified":"2024-11-22T16:42:01","modified_gmt":"2024-11-22T08:42:01","slug":"luno-bundles-coindesk-indices","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/luno-bundles-coindesk-indices","title":{"rendered":"Luno Launches \u201cLuno Bundles\u201d In Partnership With CoinDesk Indices"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Luno, one of Malaysia\u2019s leading cryptocurrency exchanges, has recently launched its Luno Bundles. This will enable customers to better maintain and manage their diversified portfolios with ease.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bundle was launched in partnership with digital asset index provider CoinDesk Indices. The bundle tracks the CoinDesk Large Cap Select Index (DLCS). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It aims to provide returns representative of the overall crypto market. This is a achieved by including 5-10 of the top-performing cryptocurrencies by market capitalisation.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lowers-entry-barriers-to-help-diversify-investments\"><\/span>Lowers entry barriers to help diversify investments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The bundle is also weighted towards top performers. As such, it ensures that there is optimal coverage of the overall crypto market. This is through rebalancing both weightings and constituent assets every three months in sync with the periodic adjustments to the underlying index made by CoinDesk Indices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAs a cryptocurrency exchange emphasising financial inclusion, Luno Bundles is an innovative offering that drastically lowers entry barriers for customers wanting to diversify their investments into cryptocurrency,\u201d said Scarlett Chai, Country Manager for Luno Malaysia.<\/span><\/p>\n<p><a href=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/11\/22155721\/Large-Cap-Bundle-MY-PR-Banner-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-66042 size-full\" src=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/11\/22155721\/Large-Cap-Bundle-MY-PR-Banner-1.jpg\" alt=\"Luno Bundles\" width=\"1200\" height=\"628\" srcset=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/11\/22155721\/Large-Cap-Bundle-MY-PR-Banner-1.jpg 1200w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/11\/22155721\/Large-Cap-Bundle-MY-PR-Banner-1-300x157.jpg 300w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/11\/22155721\/Large-Cap-Bundle-MY-PR-Banner-1-800x419.jpg 800w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/11\/22155721\/Large-Cap-Bundle-MY-PR-Banner-1-768x402.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWith Bitcoin recently breaking its all-time high, we foresee growing interest in the cryptocurrency market coming from all walks of life; hence, this timely partnership with CoinDesk Indices ensures our customers can invest with data-led methodology easily and securely\u201d, she added.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Provide-more-balanced-exposure-to-crypto-investments\"><\/span>Provide more balanced exposure to crypto investments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Alan Campbell, President of CoinDesk Indices, also mentioned that there is increasing demand for more diversified portfolio options beyond bitcoin. By providing a bundle of assets, platforms can allow for broader and more balanced exposure to the crypto ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Luno bundles only include digital assets available in Malaysia that also satisfy CoinDesk\u2019s rigorous eligibility standards. Similarly to staking, Luno bundles are flexible; customers can \u201cbundle\u201d and \u201cunbundle\u201d at any amount via the Luno mobile app or visit the website anytime.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is an increasing demand for diversified portfolios beyond bitcoin.<\/p>\n","protected":false},"author":58,"featured_media":66045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[900,1,216],"tags":[2525,635,744,1153,982],"class_list":["post-66040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","category-investment","category-news-updates","tag-coindesk-indices","tag-cryptocurrency","tag-luno","tag-luno-malaysia","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Luno Launches 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