Ethereum exchange to launch on Luno

Luno will soon add support for Ethereum on its digital cryptocurrency exchange.

The cryptocurrency exchange recently added support for an Ethereum wallet to its platform, allowing users to purchase, store, and sell Ethereum for rand.

Only the instant-buy option is currently available for Ethereum, and not a fully-fledged exchange which facilitates placing orders.

“Instant buy is like buying forex at the airport – there is a quoted price that you’ll get for your local currency which you can accept or decline,” said Luno.

“Luno Exchange is more suited for traders who want more powerful features, charts, and order types.”

“We are planning on launching ETH on the Luno Exchange soon, as there has been a lot of requests for it.”

The company will initially launch an ETH-BTC trading pair on its exchange, but users can still purchase Ethereum using rand through the instant-buy option.

Luno will also add support for Ethereum price alerts to its platform.

Now read: How Ethereum works on Luno

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Ethereum exchange to launch on Luno