15th May 2025 - 2 min read
Luno has added Cosmos (ATOM) to its list of supported staking assets, marking the sixth staking wallet available on Malaysia’s only regulated digital asset exchange. Investors who begin staking ATOM before 16 June 2025 will be eligible for rewards of up to 18% per annum, with the rate adjusting to up to 11% thereafter, the highest among all stakeable assets on the platform.
The launch follows recent additions of Polkadot (DOT) and NEAR Protocol (NEAR) in April, reinforcing Luno’s commitment to expanding its staking service. Staking, a consensus mechanism used in various cryptocurrency networks such as Cosmos, Ethereum (ETH), and Solana (SOL), enables investors to earn rewards by locking up their digital assets to help secure the network.
Scarlett Chai, Country Manager for Luno Malaysia, said the exchange aims to provide a seamless staking experience that empowers Malaysians to grow their cryptocurrency holdings passively and build long-term wealth. Customers can begin staking with as little as RM 1 worth of digital assets, with rewards automatically distributed within one to seven days. Staking and unstaking can be done at any time, with no fixed terms or hidden fees.
Chai also noted that while staking presents an opportunity to increase crypto holdings, investors should remain aware of market volatility, as fluctuations in cryptocurrency prices can affect the ringgit value of staked assets. Nonetheless, she emphasised that staking remains an efficient, low-barrier method for individuals to grow their investments.
Luno upholds a rigorous screening process before listing any digital asset, evaluating technical, regulatory, and legal criteria to ensure customer protection while embracing innovation. Alongside ATOM, Luno’s staking offering includes Ethereum, Solana, Cardano (ADA), Polkadot, and NEAR Protocol.
Samuel writes about personal finance and financial news, focusing on how banking updates, policies, and promotions affect everyday money decisions. He enjoys making complicated financial topics easier to follow. Outside of writing, he spends his time watching TV shows and occasionally convincing himself he will only watch one episode.
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