CoinDesk Indices Joins Luno to Assist South African Users in Tracking Crypto Investment Portfolios

The partnership between the CoinDesk subsidiary and the crypto exchange will result in the launch of the “Luno Large Cap Bundle,” which will assist customers in managing and maintaining various investment strategies.

CoinDesk Indices, a subsidiary of CoinDesk, and crypto exchange Luno have partnered to launch the “Luno Large Cap Bundle” to provide South African clients with access to crypto investment bundles, making it simpler to administer and maintain profitable investment strategies.

According to a press release, the compilation will monitor the CoinDesk Indices Large Cap Select Index (DLCS) and will include five to ten of the largest cryptocurrencies by market capitalization. The collection will exclude memecoins due to CoinDesk’s stringent eligibility requirements.

Approximately 70% of global crypto product assets under management currently monitor CoinDesk Indices. CoinDesk and Luno are both Digital Currency Group subsidiaries.

Alan Campbell, the president of CoinDesk Indices, said in the statement, “Investing by tracking indices is something to think about because it gives investors access to cryptocurrencies other than bitcoin and gives them confidence that altcoins meet our quality standards for investability.”

Luno will routinely update the bundle to monitor CoinDesk’s indices, keeping users’ portfolios current. Luno will also autonomously rebalance the bundle every three months to correspond with CoinDesk Indices’ rebalancing of the indices.

“We’ve heard from many of our clients that they want a low-hassle strategy to invest in cryptocurrency over the long haul that doesn’t need constant monitoring of the market. The Luno Large Cap bundle is a convenient and secure method for achieving this.” Christo de Wit, country manager for Luno in South Africa, stated.

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