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Crypto Exchange Luno Eyes US Expansion

The London-based exchange is one of Africa's largest and has 9 million customers worldwide.

By Jamie Crawley
AccessTimeIconFeb 4, 2022 at 9:25 a.m. UTC
Updated May 11, 2023 at 5:58 p.m. UTC
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Cryptocurrency exchange Luno is looking for a toehold in the U.S., studying the regulatory regimes in all 50 states ahead of a planned rollout over the course of this year, the company's general manager for Africa, Marius Reitz, told Bloomberghttps://finance.yahoo.com/news/biggest-crypto-exchange-africa-sets-050000731.html.
  • “It is more complex than launching in an individual market because of the different states and different regulations within each of these states, so there’s lots of moving parts,” Reitz said.
  • The London-based exchange is one of Africa's largest and has 9 million customers worldwide. It also has offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney.
  • Luno was founded in 2013, initially based in Singapore before relocating to London. In 2020, it was acquired by investment firm Digital Currency Group, the parent company of CoinDesk.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

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