Crypto Exchange Luno's Co-Founder Departed in December

Timothy Stranex also served as the company's chief technology officer.

AccessTimeIconJan 19, 2023 at 3:29 p.m. UTC
Updated May 9, 2023 at 4:06 a.m. UTC

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.


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Jamie Crawley is a CoinDesk news reporter based in London.

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