CoinDesk Indices and crypto exchange Luno have joined together to start 'Luno Large Cap Bundle' to help customers in South Africa access crypto investment bundles, making it easier for them to create successful investment strategies. Aoyon_A writes
Currently about 70% of global crypto product assets under management track indices provided by CoinDesk Indices.
“Investing by tracking indices is worth considering as it gives investors exposure to crypto beyond bitcoin with confidence that altcoins meet our quality standards intended for investability," CoinDesk Indices President Alan Campbell said in the statement. The bundle will be updated automatically by Luno, to track CoinDesk's indices, keeping users portfolio up-to-date. Luno will also automatically rebalance the bundle every three months to align with the rebalancing of the indices by CoinDesk Indices.
“Our customers have been looking for an easy way to invest in crypto for the long term that removes some of the guesswork and effort needed to stay up-to-date with every market movement. The Luno Large Cap bundle is an easy and secure way to do this.” Luno South Africa Country Manager Christo de Wit said., an online tool to help investors determine where bitcoin's price is going. Both CoinDesk and Luno are subsidiaries of Digital Currency Group.
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