Malaysians Can Now Trade Bitcoin Cash Through Luno

Starting today (May 5) Malaysians will be able to trade Bitcoin Cash through Luno, a digital asset exchange in Malaysia. Currently, Luno is the only platform approved by the Securities Commission (SC) that allows Malaysians to buy and sell Bitcoin Cash.

This follows the recent announcement in April that the SC has given the green light to Bitcoin Cash as the fifth cryptocurrency approved in Malaysia after Bitcoin, Ethereum, Ripple and Litecoin.

Bitcoin Cash was launched in August 2017 from a fork of the original Bitcoin blockchain. The goal of the fork was to increase the block size in the blockchain from 1MB to 32MB to facilitate faster transactions. As a result, Bitcoin Cash is viewed by some as a faster and cheaper system alternative to Bitcoin.

“As more Malaysians get involved in cryptocurrency, Bitcoin Cash is adding another option to diversify their portfolio. On top of that, Bitcoin Cash is in the top 15 most traded cryptocurrencies in the world. We only list safe and reputable digital assets that have the utility benefits that our customers are looking for, which is why we introduced Bitcoin Cash after seeking approval from Securities Commission Malaysia, ”said Aaron Tang, Country Director of Luno.

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Jothi Venkat

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