Cryptocurrency exchange Luno's co-founder and chief technology officer (CTO), Timothy Stranex, exited in December to "pursue personal projects," the firm told CoinDesk Thursday.
Stranex's departure came nearly 10 years after he founded the company with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel. He's been replaced as CTO by Simon Ince, who joined Luno just under two years ago as its vice president of engineering.
Luno, whose parent company is Digital Currency Group (also the parent company of CoinDesk), says it has over 10 million customers worldwide. Headquartered in London, it has offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney.
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 offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.