KUALA LUMPUR: Digital asset exchange, Luno announced two new cryptocurrencies on its platform – Cardano (ADA) and Solana (SOL). Users can start trade using ADA from Sept 21, 2022 while SOL will be added on Oct 6, 2022.
Including Chainlink (LINK) and Uniswap (UNI) which was added earlier this year, there are now nine coins for Luno Malaysia to choose from.
Luno country manager, Aaron Tang said it is important to give customers access to newer crypto and continue to cultivate financial literacy as well as digital assets to more people.
"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
"We want to break down the complications around cryptocurrencies and provide a platform that makes it easy for people to invest and learn about them. Investors don't need to make one large investment to get started but can build and grow their investment over time through smaller amounts - the minimum amount to get started investing on Luno is only RM1," Tang added.
Cardano or 'next gen evolution' of Ethereum takes a methodical, research-driven approach to be the most scalable and sustainable platform for running decentralised applications (dApps).
Meanwhile, Solana is the fastest blockchain and fastest growing ecosystem in crypto, with projects spanning decentralised finance (DeFi), non-refundable tokens (NFTs), Web3, and more.
Tang added while ADA and SOL meet Luno's safety standards, being listed 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. Luno only offers the most compelling investment options, viewed through a long-term lens. Over the coming months, customers will be able to explore and invest in more opportunities to tap into a new global financial system and participate equally."