Cryptocurrency Exchange, Luno says its customers can buy, sell and store AVAX on the Luno app and website, alongside its existing cryptocurrency offerings, such as Bitcoin and Ethereum.
The exchange, in a statement issued today, said that it will be adding Polygon(MATIC) to its list of offerings in months to come.
This development, Luno said comes after a survey of over 6,800 Luno customers, the majority of which wanted to easily invest in AVAX and MATIC.
According to it, Avalanche, a decentralized, open-source proof of stake blockchain is designed to be faster and cheaper than Ethereum, processing over 4,500 transactions per second. MATIC is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain – allowing for lower transaction costs. This means that both AVAX and MATIC are more scalable than other coins and appeal to developers who are looking for a cheaper platform to build on,” it said.
Commenting on the development, Sam Kopelman, UK Country Manager at Luno, said, “At Luno we believe that empowering our customers in their investment decisions is important. That’s why we are giving them access to two more large-cap altcoins as an opportunity to further diversify their portfolios. Through our regular conversations with customers, we know that there is a need for a new and sensible approach to crypto, which is why we undertake such a rigorous process before adding assets to our exchange. These thorough processes allow us to provide our customers with the safe and trusted crypto experiences that they’re asking for,”
