CoinDesk Indices and Luno Collaboration
CoinDesk Indices, a CoinDesk subsidiary, has partnered with the crypto exchange Luno to develop the “Luno Large Cap Bundle,” a unique offering for South African users aiming to access crypto investment bundles. This collaboration simplifies the process of managing and maintaining successful investment strategies.
The Luno Large Cap Bundle
Exclusively available to South African users, the bundle tracks the CoinDesk Indices Large Cap Select Index (DLCS) and includes five to 10 of the largest cryptocurrencies by value. CoinDesk’s strict eligibility criteria ensure that the bundle does not contain memecoins.
Advantages of Tracking Indices
Around 70% of global crypto product assets under management are currently tracking indices provided by CoinDesk Indices. According to CoinDesk Indices President Alan Campbell, “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.”
Automatic Updates and Rebalancing
Luno will automatically update the bundle to track CoinDesk’s indices, ensuring users’ portfolios remain current. The company will also rebalance the bundle every three months in line with the indices’ rebalancing by CoinDesk Indices. Luno South Africa Country Manager Christo de Wit explains that “the Luno Large Cap bundle is an easy and secure way” for customers to invest in crypto long-term without the guesswork and effort needed to stay current with market movements.
Accessing the Bundle
Users can access the Luno Large Cap Bundle via Luno’s mobile app or website, making it a convenient tool for South African investors looking to diversify their crypto investment portfolios.
The partnership between CoinDesk Indices and Luno represents a significant step forward in providing South African crypto investors with a comprehensive and user-friendly solution for managing their investment portfolios. The “Luno Large Cap Bundle” not only simplifies the investment process but also ensures a diverse and well-maintained selection of cryptocurrencies. As the popularity of crypto investing continues to grow, this collaboration sets the stage for greater accessibility and convenience for investors in South Africa and beyond.