The exchange has revealed it got record trading volumes in March 2020 with a 50% rise in its number of active users month-on-month.
What is more, existing and new account holders want to invest more into crypto assets. The Luno survey highlighted 42% of Luno wallet holders plan to buy more and 41% plan to trade in the next six months.
“This indicates continued cryptocurrency investment by existing holders and entirely new investors entering cryptocurrencies for the first time.” ~ Marius Reitz, GM for Africa, Luno
Reitz also notes the increased demand amid the Covid-19 pandemic. In a statement, he said:
“Over 4,000 customers responded to our survey. They indicated that they are planning to increase their crypto holdings or trade in the next six months, while less than 6% plan to sell.
Interestingly, 70% of inactive customers want to automatically invest a fixed amount in cryptocurrencies, indicating that they are moving closer to traditional investment models.”