The Luno Large Cap Bundle: A Gateway to Cryptocurrency Investment in South Africa

On April 17th, CoinDesk subsidiary CoinDeskIndices partnered with the cryptocurrency exchange Luno to launch the Luno Large Cap Bundle to help clients in South Africa access cryptocurrency investment portfolios. This product will track Coin DeskIndices Large Cap SelectIndex (DLCS) and will include 5 to 10 largest cryptocurrencies by value.

CoinDesk and Luno Launch LunoLargeCapBundle to Assist South African Users in Investing in Cryptocurrencies

Are you looking to invest in cryptocurrencies but don’t know where to start? Do you find it overwhelming to navigate through the countless options available to you? Worry not! CoinDeskIndices, a subsidiary of CoinDesk, has partnered with Luno, a popular cryptocurrency exchange, to bring you the Luno Large Cap Bundle. This product grants South African clients access to a carefully curated investment portfolio of the largest cryptocurrencies by value.

What is the Luno Large Cap Bundle?

The Luno Large Cap Bundle is a product that allows clients of Luno, a cryptocurrency exchange operating in South Africa, access to a diversified cryptocurrency investment portfolio. This product tracks the CoinDeskIndices Large Cap Select Index (DLCS) and includes the five to ten largest cryptocurrencies by value. By investing in this bundle, clients can take advantage of the expertise of both Luno and CoinDeskIndices in selecting the most promising cryptocurrencies.

How Does It Work?

Investment in the Luno Large Cap Bundle is a hassle-free process. Clients of Luno can purchase the bundle through their existing Luno account. The bundle is priced proportionally to the value of the cryptocurrencies it includes, meaning that clients will automatically own a portion of each cryptocurrency included in the bundle. As the value of each cryptocurrency changes, the value of the bundle will also fluctuate correspondingly.

Benefits of the Luno Large Cap Bundle

Investing in the Luno Large Cap Bundle comes with several advantages:
1. Diversification: investing in multiple cryptocurrencies diversifies your portfolio and reduces the risk of losing money on a single cryptocurrency.
2. Expertise: the Luno Large Cap Bundle is carefully curated by both Luno and CoinDeskIndices to ensure that only the most promising cryptocurrencies are included.
3. Convenience: investing in cryptocurrencies through the Luno Large Cap Bundle is much simpler than navigating the countless options available in the market.

How to Get Started?

Getting started with the Luno Large Cap Bundle is easy. Simply log in to your Luno account, go to the ‘Invest’ tab, and then select ‘Luno Large Cap Bundle’. From there, you can select the amount you wish to invest, review your order, and complete the transaction.

Conclusion

If you’re looking to invest in cryptocurrencies but feel overwhelmed by the options available, the Luno Large Cap Bundle is an excellent starting point. With its expertly curated portfolio, diversification, and hassle-free investment process, the Luno Large Cap Bundle is a gateway to the exciting world of cryptocurrency investment.

FAQs

Q: What cryptocurrencies are included in the Luno Large Cap Bundle?
A: The Luno Large Cap Bundle includes the five to ten largest cryptocurrencies by value, as selected by Luno and CoinDeskIndices.
Q: Is the Luno Large Cap Bundle available to clients outside of South Africa?
A: Currently, the Luno Large Cap Bundle is only available to clients of Luno in South Africa.
Q: What sets the Luno Large Cap Bundle apart from other cryptocurrency investments?
A: The Luno Large Cap Bundle is expertly curated by both Luno and CoinDeskIndices, and includes only the most promising cryptocurrencies by value. It also offers convenience and a hassle-free investment process.
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