Luno Teases The Arrival Of Bitcoin Cash On Its Platform Soon
Author Avatar

(Update 6 May 2021: Luno has since officially announced that it is now offering Bitcoin Cash for trading on its platform.)

Cryptocurrency exchange Luno has teased the arrival of Bitcoin Cash on its platform for trading, saying that it is “coming soon”.

According to the short teaser posted by Luno on its Facebook page, users in Malaysia can expect to be able to trade and store Bitcoin Cash on its platform soon. That said, it did not specify an actual date for the arrival of the new cryptocurrency to the platform. “Luno provides safe and secure access to crypto so that you can confidently buy, trade, and store. A new coin is coming soon – are you ready?” it wrote in its post.

Bitcoin Cash is the latest cryptocurrency to have received provisional approval from the Securities Commission (SC), which will allow it to be traded on authorised cryptocurrency platforms in the near future. If fully approved, Malaysian cryptocurrency traders will be able to dabble in a total of five cryptocurrencies, in addition to Bitcoin, Ethereum, Ripple, and Litecoin. To briefly explain, Bitcoin Cash is a derivation of Bitcoin, with an improved blockchain technology that supposedly allows for faster and cheaper transactions.

Meanwhile, Luno is one of the three digital asset exchanges (DAX) that were approved by the SC for operation within the country as recognised market operators (RMO), with the other two being SINEGY Technologies and Tokenize Technology. It first entered Malaysia in 2015, and was subsequently relaunched in 2019 after obtaining its licence from the SC. At present, it allows trading in Bitcoin, Ethereum, Ripple, and Litecoin.

(Source: Luno)

2 3 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Apps Articles
Post Image
How To Pay TNB Bills With Boost, GrabPay, And Touch ‘n Go eWallet
Pang Tun Yau
- 13th February 2020
In recent months, e-wallets (and even Shopee and Lazada) began offering bill payment options, which means Malaysians can […]
Post Image
Shopee Introduces SPayLater, Lets Users Buy Items Now And Pay Later
Alex Cheong Pui Yin
- 18th January 2021
Shopee has introduced a new payment feature that lets its Malaysian users purchase items and pay for them […]
Post Image
Grab Now Delivers Fresh Produce With New Pasar Feature
Jacie Tan
- 24th March 2020
Grab has launched a new feature, Pasar, where customers can buy fresh produce, poultry, meat, and seafood from […]
Post Image
Touch ‘n Go eWallet Now Accepted At 7-Eleven Stores Nationwide
The RinggitPlus Team
- 21st October 2019
Malaysians can now pay for their purchases at 7-Eleven outlets all across the country via the TNG e-wallet.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image