Luno Introduces Bitcoin Cash To Malaysian Consumers

 


Luno announced it is the first digital asset exchange approved by the Securities Commission Malaysia to offer Bitcoin Cash (BCH) on its platform. Following the recent announcement of Bitcoin Cash as the fifth digital asset in Malaysia by the Securities Commission Malaysia, Malaysians can now buy, sell, and learn about Bitcoin Cash on Luno starting today. Bitcoin Cash is now part of Luno's growing list of digital asset offerings in Malaysia including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).






Bitcoin Cash was launched in August 2017 as there was an update activated by the Bitcoin community for the original Bitcoin blockchain technology protocol or code. The main motive is to increase the block size in Bitcoin blockchain technology from 1MB to 32MB to facilitate the process of financial transactions. As a result, Bitcoin Cash is considered by some to be a faster and cheaper system alternative than Bitcoin. Just like Bitcoin, Bitcoin Cash has a maximum supply of 21 million with over 18 million currently in current circulation. Bitcoin Cash is one of the most frequently traded cryptocurrencies in the world with a market capitalization of USD18,767,589,942 (RM77,313,086,766).





Speaking on the introduction of Bitcoin Cash in Luno, Aaron Tang, Country Manager of Luno Malaysia said, “As more and more Malaysians are involved in cryptocurrencies, Bitcoin Cash offers new options for those looking to diversify their investment portfolios. In addition, Bitcoin Cash is among the top 15 most frequently traded cryptocurrencies worldwide. We only list digital assets that are secure, reputable, and have the utility benefits our customers need. That is why we introduced Bitcoin Cash after seeking approval from the Securities Commission Malaysia. We hope the introduction of Bitcoin Cash on our platform can inspire Malaysians to delve deeper into cryptocurrencies and learn about the advantages it offers, whether for trade or investment. ”



About Luno



Luno is a leading global cryptocurrency company with a mission to upgrade the world to a better financial system. Co -founded by CEO Marcus Swanepoel and Chief Technology Officer Timothy Stranex, Luno was launched in 2013 and has built a team of nearly 400 people, headquartered in London with regional centers in Singapore and Cape Town. With more than 7 million users spanning more than 40 countries, Luno’s products and services make it safe and easy to buy, sell, store and learn about cryptocurrencies like Bitcoin and Ethereum.



Luno has been backed by some of the world’s leading investors including Balderton Capital, RMI, Naspers and Venturra, before being recently acquired by Digital Currency Group (DCG)



Website: www.luno.com



Social Media: Facebook



Mobile Applications: Android and iOS



For those who have completed a Luno account and have not claimed the RM25 bonus in Bitcoin for free, enter the code XDDBC. Click on the Rewards section and enter the XDDBC code.



When we deposit and buy our first digital asset worth RM250 (excluding Luno fees), we will get RM25 in Bitcoin for free.
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