CoinDesk and Luno team up to provide South African users with easy crypto investment tracking!

CoinDesk Subsidiary and Luno Launch "Luno Large Cap Bundle" for South African Crypto Investors

CoinDesk Indices, a subsidiary of CoinDesk, has teamed up with crypto exchange Luno to launch the “Luno Large Cap Bundle” in South Africa. The bundle will provide South African users with access to crypto investment bundles, making it easier for them to manage and maintain successful investment strategies. According to a press release, the bundle will track CoinDesk Indices Large Cap Select Index (DLCS) and will include five to 10 of the largest cryptocurrencies by value. The bundle will not include memecoins, as it will follow CoinDesk’s strict eligibility criteria.

Investing in crypto through tracking indices is becoming increasingly popular, with about 70% of global crypto product assets under management tracking 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,” said CoinDesk Indices President Alan Campbell. The Luno Large Cap Bundle will be updated automatically by Luno to track CoinDesk’s indices, keeping users’ portfolios 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,” said Luno South Africa Country Manager Christo de Wit. The bundle will be accessible via Luno’s mobile app or website.

CoinDesk Indices recently launched the Bitcoin Trend Indicator (BTI), an online tool to help investors determine where bitcoin’s (BTC) price is going. Both CoinDesk and Luno are subsidiaries of Digital Currency Group.

The Luno Large Cap Bundle will provide South African users with an opportunity to invest in the largest cryptocurrencies by value, without having to worry about the hassle of managing their portfolios. By tracking CoinDesk’s indices, users can be confident that their investments meet quality standards intended for investability. The bundle will be automatically updated and rebalanced by Luno every three months, ensuring that users’ portfolios stay up-to-date with the latest market movements.

CoinDesk Indices’ Bitcoin Trend Indicator (BTI) is another tool that can help investors make informed decisions about their investments. By providing insights into where bitcoin’s price is going, investors can make more informed decisions about when to buy or sell their cryptocurrency.

Overall, the Luno Large Cap Bundle is a welcome addition to the South African crypto market, providing users with an easy and secure way to invest in the largest cryptocurrencies by value. As crypto investments become increasingly popular, tools like the Luno Large Cap Bundle and CoinDesk Indices’ Bitcoin Trend Indicator will play an important role in helping investors navigate the market.

Martin Reid

Martin Reid

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