Luno is a large recently announced crypto exchange in Africa. Nigerians are now able to invest in the best stocks and ETFs in the world. It is associated with popular companies such as Apple, Tesla, S and P 500 ETFs. It is a welcome development into Nigeria. Previously, investing in international stocks was not easy. Prices were a major concern and a lack of foreign currency. Luno fixes it with the new service.
Easy access to global stocks
Luno has made it easier to sell and buy stocks to Nigerians. They are now popular and can now invest directly in 61 companies listed in the US. No complex business or international bank statements are required. You can exchange it in the local Nigerian Naira currency. This eliminates the usual inconvenience of exchanging money and other expenses. This product comes with an instant settlement and a 24/5 transaction. Luno will be attending 24/7 trading in the future. Luno implements a system of tokenization. Digital representation is the representation of all stocks. This saves time and money throughout the process.
Why it's important for Nigerians
In Nigeria, the stock market actually experiences investment only by a small percentage of about 5% of the adult population. However, 74% have financial services. The pilot programme is the forerunner of South Africa's services. The individuals who were superior to 10,000 were engaged in additional forces for more than a month. This indicates that there is a high demand for Africans to access global resources more easily. Luno Nigeria Ayotunde Alabi CEO claimed that the service would break a major barrier. Millions of Nigerians are now able to invest in Microsoft, Nvidia and Tesla companies.
Luno's smart movements
Luno doesn't want to lack a big player in Crypto. It's also new to entering stocks and ETFs. This differs from other local solutions such as Bamboo and Rise Vest, and only considers local solutions and dollar-based stocks. T. This referral will help most Nigerians make their first investment. Cryo and traditional finances could also be blurred with the help of that. Luno's simplified strategy allows more people to be placed in the investment industry. Through these types of services, it is possible to realize the torrents of new retailers in Nigeria.
