Digital asset exchange Luno Malaysia has said that Malaysia is one of its fastest growing markets, with local investors contributing to approximately 18% of its total global trading volume of US$35 billion in the past decade. Revealed during Luno’s 10^th anniversary celebration event, this figure translates to about US$6.2 billion in participation from Malaysia, involving more than 73 million transactions in Bitcoin (BTC).

Aside from that, Luno also shared that it has recently onboarded over 12 million customers globally, with about 840,000 investors coming from Malaysia. It highlighted various other statistics related to its Malaysian investors as well, such as the fact that Malaysia has seen a rise in women crypto investors. Specifically, women investors make up 23% of Luno Malaysia’s customer base – higher than the global average of 19%, while male investors make up the remaining 77%.

Luno also noted that the biggest single transaction on its Malaysian platform stood at US$196,451 (approximately RM892,670 today). In comparison, the largest transaction made on Luno globally was a staggering US$70,966,330 (approximately RM322.5 million today).

General manager of Luno APAC, Aaron Tang said that Luno has definitely made “significant strides” in the Malaysian market since relaunching in 2019. These include the introduction of new coins – such as Cardano, Solana, and most recently, Avalanche – as well as the roll-out of new features, like the multiple coins feature. He also stated that Luno – as a global entity – is truly excited for what’s to come in the next 10 years.

Meanwhile, country manager of Luno Malaysia, Scarlett Chai said that being able to celebrate 10 years in the dynamic world of cryptocurrencies is a significant milestone worth celebrating. “Our journey has been marked by the addition of numerous digital assets to our platform, made capable through our close collaboration with Malaysian regulators. We’re proud to be the largest and most trusted digital asset exchange in Malaysia, and will continue supporting all Malaysians throughout their crypto investment journey,” she said.

To celebrate Luno’s 10^th anniversary, Luno Malaysia hosted a panel discussion that consisted of experts such as the head of research at crypto data aggregator CoinGecko, Chan Zhong Yeng, as well as founder and director of Jirnexu, Liew Ooi Hann. The panel discussed various key topics, including the future of Malaysia’s digital asset landscape, and how crypto will play a part in people’s investment portfolio moving forward.

• TAGS:
• Aaron Tang
• Chan Zhong Yeng
• CoinGecko
• Cryptocurrency
• DAX
• Digital Asset Exchanges (DAX)
• Liew Ooi Hann
• Luno
• Luno Malaysia
• Scarlett Chai