Luno, the global cryptocurrency investment app that aims to put the power of crypto in everyone’s hands, has announced it is adding two more cryptocurrencies to its app: Cardano (ADA) and Solana from early October (SOL).
From today, users can buy, sell, and store ADA on the Luno app and website, alongside its existing cryptocurrency offering. Luno will also be adding SOL to its investment portfolio early next month.
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many, as well as the few, and bring about positive global change.
Solana, on the other hand, is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFTs, Web3 and more.
Cardano is often described as a ‘next gen evolution’ of Ethereum. It aims to be the most scalable and sustainable platform for running decentralised applications (dApps) by taking a methodical, research-driven approach to its development. Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFTs, Web3 and more.
With continuing interest in the wider applications of Bitcoin, ADA and SOL are the latest cryptocurrencies that Luno is adding to its portfolio, following the addition of Chainlink (LINK) and Uniswap (UNI) earlier this year. Luno wants to ensure its over 10 million customers have access to these wider investment opportunities.
“As big advocates of building for the long term, we believe it’s important to give customers access to newer crypto applications that have a promising future. Now, not only do customers have access to ADA and SOL, they also have the peace of mind that comes with the rigorous security that customers rely on from Luno”, comments Marius Reitz, General Manager for Africa at Luno.
“In a world that can look complex, we want to break down the complications around cryptocurrencies to make it easy for people to buy, send, store, and learn about. Customers don’t need to make one large investment to get started but can build and grow their investment overtime through smaller amounts – similar to how they make contributions to their pension for example,” comments Reitz.
While ADA and SOL meet Luno standards for safety, being listed on Luno is not an endorsement of its future potential as an investment. Luno assesses prospective assets based on factors like security, compliance, and utility, but will always suggest anyone looking to invest in crypto should do their own research and exercise good judgement before investing.
“Luno only offers the most compelling investment options, viewed through a long-term lens,” concludes Reitz. “That’s why over the coming months, customers will be able to explore and invest in more opportunities to tap into a new global financial system and participate equally.”
Luno is a global cryptocurrency investment app which aims to put the power of crypto in everyone’s hands. Since its founding in 2013, Luno has become a leader in responsible crypto education and investment, introducing over 10 million people to crypto in more than 40 countries across the US, Europe, Africa, Asia and Australia.
Luno is part of the Digital Currency Group, the world’s largest blockchain investor, with over $40 billion in crypto under management. Luno offers products and services that make it safe and easy to buy, store and learn about cryptocurrencies like Bitcoin and Ethereum. The business undergoes independent proof of reserves audits each quarter to provide customers with the assurance that their crypto is safe.
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