Global cryptocurrency company Luno has expanded its list of digital assets with the launch of two new coins – Algorand and NEAR Protocol in Malaysia.

Luno said in a statement on last Friday that this launch is also the first batch of digital assets approved by the Securities Commission Malaysia this year for both Luno and the country.

The two new coins bring Luno’s digital assets oerings in Malaysia to 20.

The widened offering enables investors to explore more of the crypto ecosystem and diversify their portfolios safely and securely.

Algorand is an eco-friendly blockchain enabling fast, low-cost transactions and scalable, secure decentralized applications (dApps), aiming for a sustainable, borderless digital economy.

NEAR Protocol is a fast, scalable blockchain with low-cost transactions, high throughput, and user-friendly tools for dApp development, focused on decentralization and sustainability.

“In 2024, Luno led the approval of seven digital assets with the Securities Commission Malaysia,

“We aim to double that this year, starting with these two digital assets. The team is actively engaging the regulator to launch new digital assets expeditiously,” said Scarlett Chai, Luno’s country manager for Malaysia.

According to her, the addition of two new digital assets expands the platform’s total assets to 20, while the recent milestone of surpassing 1 million customers reinforces Luno’s position as Malaysia’s leading regulated digital asset exchange.

In addition to the launch of ALGO and NEAR, Luno is also broadening its Staking feature to include NEAR in the coming weeks.

NEAR Staking would allow customers to earn up to 7 percent per annum in passive rewards, which are earned daily.

“Our recent staking launch of Polkadot and the upcoming NEAR Protocol rearm
Luno’s commitment to growing Malaysia’s digital asset landscape by not only making
digital asset investments a safe and accessible option, but also being innovative by
enabling our customers to grow their holdings,” said Chai.

It is noted that Luno is the country’s only regulated digital asset exchange, providing customers with staking services for Ethereum, Solana, Cardano, Polkadot, and soon, NEAR Protocol.

The firm undertakes a comprehensive screening process when adding new assets for customers to invest in or trade based on stringent technical, regulatory, and legal
criteria.

Its freely accessible and unbiased education portal, Luno Discover, aids customers in their digital asset journey as they practice responsible investing.

Since its founding in 2013, Luno is global cryptocurrency investment app introducing over 13 million people to crypto.

The app is available in more than 40 countries across Europe, Africa, Asia and Australia.

Luno offers products and services that make it safe and easy to buy, store and learn about cryptocurrencies like Bitcoin and Ethereum.

In Malaysia, the app is a digital assets exchange regulated and licensed by the Securities Commission Malaysia, offering Malaysians a safe and secure platform to start investing in cryptocurrencies.

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