, pub-5475981771945671, DIRECT, f08c47fec0942fa0

RM12 Billion Processed By Luno Malaysia

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.