BCH is Malaysia’s fifth approved cryptocurrency after Bitcoin, Ethereum, Ripple and Litecoin.

In a statement today, Luno said Malaysians can now buy, sell and learn about BCH on its platform as it is now part of its growing list of digital asset offerings which includes Bitcoin, Ethereum, Ripple and Litecoin.

Luno Malaysia country manager Aaron Tang said BCH is in the top 15 of the most traded cryptocurrencies globally.

“We only list safe, reputable digital assets that have the utility benefits our customers want, which is why we have introduced BCH after seeking approval from the SC.

“We hope the introduction of BCH on our platform will inspire Malaysian users to explore cryptocurrency further and learn about the benefits they offer, be it for trading or investment,” he said.

According to Luno, BCH was launched in August 2017 due to a fork, that is, a community-activated update to the protocol or code, of the original Bitcoin blockchain.

“The main motive of the fork was to increase the block size in the blockchain from 1MB to 32MB to facilitate faster transactions.

“As a result, BCH was regarded by some as a faster and cheaper system alternative to Bitcoin. Hence, it is one of the most widely traded cryptocurrencies in the world with a market capitalisation of US$18.77 billion (RM77.3 billion),” it said.