Over 120k of crypto platform Luno’s new customers are from Malaysia in the past 6 months

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Global cryptocurrency platform Luno has today revealed that Malaysia is one of its strongest markets. In a statement by Luno Malaysia country manager Aaron Tang, 12 percent of the platform's new customers in the past 6 months are based in our country.

That amounted to approximately 120,000 new customers from Malaysia in just half a year. Globally, Luno now has over 10 million customers across 40 countries, securing one million new customers worldwide in the past six months for a a 35 percent year-on-year growth.


As reported by Bernama, Tang further revealed that Malaysians on average deposited RM100 when opening their accounts. They would then tend to hold on for an average of 8 months.

Moreover, over the past year, 32 percent of new customers in Malaysia bought Bitcoin while 23 percent bought Ethereum. There has also been an increase of female customers in Malaysia; more than sevenfold in fact, from 16,000 in 2020 to 120,000 in 2021.

Meanwhile, in the past year, Singaporean users had the highest value of first deposits at US$76 (~RM322), compared to Nigeria, one of Luno’s biggest markets which recorded an average first deposit of US$10 (~RM42.30).

Since its launch in 2013, Luno has enabled over US$52 billion (~RM220 billion) of cryptocurrency to be safely transacted and its customers have stored in excess of US$1 billion (RM4.23 billion).

Besides that, Luno also grew its customer base in Indonesia by 83 percent int he past year, almost doubling its customers in the region. It also provided one million more South Africans with access to cryptocurrencies for the first time.

What do you guys think of the statistics shared by Luno? Share your thoughts with us in the comments below and stay tuned to TechNave for all the latest trending tech news!