CoinDesk Indices (a subsidiary of CoinDesk) and the Luno platform have entered into an alliance to introduce a new offering called Luno Large Cap Bundle. It aims to make it easier for South Africans to obtain crypto investment packages in an easier way and help them develop fruitful strategies.
The press release confirms that the product is only available to South African users and will count the CoinDesk Indices Large Cap Select Index (DLCS), consisting of 5-10 cryptocurrencies with the highest market capitalisation. This bundle does not include memcoins, as they do not satisfy CoinDesk's strict 'eligibility criteria'. Currently, nearly 70% of crypto-assets held in trust products are tracked by CoinDesk Indices.
According to Alan Campbell, president of CoinDesk Indices, index-supervised investing is a great option for investors. It gives them access to a host of cryptocurrencies that meet the highest standards of investment quality.
The Luno Large Cap package was created to make it easier for people to invest in cryptocurrencies over the long term. It is automatically updated and rebalanced every 3 months according to CoinDesk Indices criteria; thus, there is no need to constantly monitor market movements and manually adjust portfolios.
Christo de Wit, Luno's regional manager for South Africa, said the product provides their customers with a convenient and reliable way to invest in their future.
