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The expansion is driven by interest in the wider applications of Bitcoin and other crypto in everything from trying to improve insurance payouts to enabling more immersive gaming experiences.
Luno wants to ensure its nine million+ customers have access to these wider investment opportunities.
“While it is important to note that our newer crypto applications are still in their early stages, we have always taken a measured approach to introducing new coins on our platform, ensuring we deliver careful guidance, rigorous security and a compelling reason for our global customer base to use them,” explains Marius Reitz, Luno’s General Manager for Africa.
“In a continent such as Africa – a region which has the largest potential in the world for the day-to-day utility of cryptocurrencies – this selection criteria holds even more significance. With this in mind, we believe LINK and UNI’s core properties could see them becoming an integral part of Africa’s digital asset revolution and that’s why we’re excited to give our customers access to them through the safe and secure experience we offer on our platform.”
While LINK and UNI currently meet Luno standards for safety, the company stresses that the listing 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.