RM12 Billion Processed By Luno Malaysia

As the largest digital asset exchange in Malaysia, Luno processed over RM12 billion worth of payments in 2021, a 4.3X increase from the previous year.

At the same time, Luno stores more than RM2 billion in value on behalf of its customers across five approved digital assets — Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH).

On Luno, the total active customers in Malaysia have grown by 518% YoY from just over 60,000 in 2020 to 371,000 in 2021. The majority of activities came from users between 30-39 years old from diverse career backgrounds, including manufacturing, engineering, education, construction, healthcare, accounting, administration, and information technology. ​​

When it comes to use cases, 76% of users buy cryptocurrencies for investment purposes, 15% for trading, 6% for sending and receiving cryptocurrencies, 2% as a payment method, and 1% for other purposes. 

Regarding gender demographics, male customers comprise the largest segment at 75%, whereas female participation accounts for 25%. Nevertheless, the growth of Luno’s female customer base has increased sevenfold from 2020. 

This shows that female participation in the cryptocurrency space has been growing yearly, thus indicating a positive trend of cryptocurrency investment among female customers in Malaysia.