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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.
Updated May 11, 2023, 5:58 p.m. Published Feb 4, 2022, 9:25 a.m.
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.
Read more: South African Regulator Issues Warning on FTX, Bybit
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