Luno has launched “Luno Bundles”, a new feature designed to simplify cryptocurrency portfolio management. It allows customers to diversify their investments by bundling top-performing digital assets such as Bitcoin and Ether, offering an accessible way to engage with the broader cryptocurrency market.
The first bundle available on the platform was created in collaboration with CoinDesk Indices, tracking its Large Cap Select Index. This includes five to ten of the highest-performing cryptocurrencies by market capitalisation, providing representation of the overall market. Luno notes that the bundles are tailored for the Malaysian market, featuring only assets that meet CoinDesk’s stringent eligibility standards.
With a focus on top-performing cryptocurrencies, the bundles are weighted to ensure comprehensive market coverage. The company adds that these are also rebalanced quarterly to reflect adjustments to the underlying index, ensuring that portfolios remain aligned with market movements.
Users can manage their portfolios through the Luno app or website, with options to add or remove assets at any time and track performance in real time. This feature makes it easier for investors to adjust their holdings as needed.
With Luno Bundles, Luno aims to lower the barriers for those interested in cryptocurrency investments, offering a data-driven approach that caters to both new and experienced investors. This is especially with the recent surge in value for Bitcoin, which could attract interest in the crypto market from potential investors from all walks of life.
(Source: Luno press release / official blog)
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