PETALING JAYA (Nov 21): Cryptocurrency exchange Luno has launched a new feature called Luno Bundles, designed to help customers manage and maintain a diversified portfolio of top-performing cryptocurrencies, including Bitcoin and Ether.

The first available “bundle” on Luno was developed in partnership with leading digital asset index provider CoinDesk Indices. It tracks the CoinDesk Large Cap Select Index, which aims to provide returns representative of the overall cryptocurrency market by including five to 10 of the top-performing cryptocurrencies by market capitalisation.

Only digital assets available in Malaysia that also satisfy CoinDesk’s rigorous eligibility standards are included in the bundles.

The bundle is weighted towards the top performers to ensure optimal coverage of the overall crypto market. It also rebalances both weightings and constituent assets every three months in sync with the periodic adjustments to the underlying index made by CoinDesk Indices.  

Once the portfolio is created, customers can monitor its performance through the Luno app and can “bundle” or “unbundle” their assets at any amount, or at any time, via the app or website.

“As 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.

“With Bitcoin recently breaking its all-time high, we foresee growing interest in the cryptocurrency market coming from all walks of life. This timely partnership with CoinDesk Indices ensures our customers can invest with data-led methodology easily and securely,” said Luno Malaysia country manager Scarlett Chai.

CoinDesk Indices president Alan Campbell observed an increasing demand from investors and traders to diversify their cryptocurrency portfolio beyond Bitcoin.

“By providing a basket of assets, rather than focusing on a single digital asset, allows for broader and more balanced exposure to the crypto ecosystem,” he said.