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Cryptocurrency News Articles

Luno Strengthens Crypto Portfolio with Cosmos and Polkadot

May 02, 2024 at 09:15 am

Luno has introduced Cosmos (ATOM) and Polkadot (DOT) to its cryptocurrency portfolio, expanding its offerings to 13 coins. These additions cater to the growing demand for diversification and innovation in the Malaysian crypto market, as Luno strives to provide a secure and regulated platform for crypto exploration.

Luno Strengthens Crypto Portfolio with Cosmos and Polkadot

Luno Bolsters Cryptocurrency Offerings with Cosmos (ATOM) and Polkadot (DOT)

Kuala Lumpur, Malaysia - Luno, the leading regulated digital asset exchange in Malaysia, is expanding its cryptocurrency portfolio with the strategic addition of two highly sought-after coins: Cosmos (ATOM) and Polkadot (DOT). This move brings Luno's total offering to 13 digital currencies, solidifying its position as the go-to platform for Malaysian investors seeking a diverse range of crypto assets.

"We are delighted to be the first regulated exchange in the country to introduce ATOM and DOT to the Malaysian market," said Scarlett Chai, Country Manager for Luno. "By widening our coin offering, we empower Malaysians to explore and diversify their portfolios in a safe and secure environment."

Cosmos (ATOM): Interoperability and Scalability for Decentralized Applications

Cosmos (ATOM) is a blockchain platform designed to address the challenges faced by decentralized applications (dApps) and services. Its robust architecture emphasizes interoperability, scalability, and sovereignty, enabling developers to seamlessly integrate their dApps and services within a single ecosystem. This interoperable approach has garnered widespread attention from developers, enterprises, and blockchain enthusiasts alike.

Polkadot (DOT): Multi-Chain Architecture Fosters Innovation and Efficiency

Polkadot (DOT) represents a paradigm shift in blockchain technology with its unique multi-chain architecture. The platform allows developers to construct customized blockchains, known as parachains, specifically tailored to their respective needs. This innovative approach unlocks a world of possibilities for dApps and services, fostering a more interconnected and efficient blockchain ecosystem.

"The addition of ATOM and DOT to our platform is a testament to our commitment to providing our customers with access to the most promising and innovative cryptocurrencies," said Chai. "We believe that these coins have the potential to shape the future of the blockchain industry and drive mass adoption."

Luno's Continued Expansion and Innovation

This latest portfolio expansion marks the second round of additions for Luno in recent months. In 2022, the exchange introduced Cardano and Solana, expanding its offerings to meet the evolving demands of the Malaysian cryptocurrency market. Earlier this year, Luno also introduced Ethereum staking, enabling users to earn passive income on their ETH holdings.

"Luno's commitment to innovation and customer satisfaction is unwavering," said Chai. "We will continue to explore and introduce new and exciting crypto assets to our platform, providing Malaysians with the tools and opportunities to navigate the ever-changing digital asset landscape with confidence."

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Other articles published on Jan 10, 2025