Luno Exchange Launches with New CTO, FCA Partnership

1. Timothy Stranex, co-founder and chief technology officer of cryptocurrency exchange Luno, departed in December after 10 years with the company.
2. Simon Ince has replaced Stranex as CTO, having joined Luno almost two years ago as vice president of engineering.
3. Luno, which is owned by Digital Currency Group (DCG), is headquartered in London and has offices in Singapore, Cape Town, Johannesburg, Lagos, and Sydney.

Cryptocurrency exchange Luno has experienced a major change in its senior team, with co-founder and chief technology officer (CTO) Timothy Stranex leaving the company in December. Stranex had been with Luno for 10 years, having founded the company in 2011 with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel.

Stranex’s departure has been filled by Simon Ince, who joined Luno almost two years ago as its vice president of engineering. He will now take up the mantle of CTO, overseeing the company’s engineering, product and design teams.

Luno, which is owned by Digital Currency Group (DCG), is headquartered in London and has offices in Singapore, Cape Town, Johannesburg, Lagos, and Sydney. It has over 10 million customers worldwide, and is continuing to expand its international presence.

The firm recently announced a partnership with the United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), to launch a cryptocurrency-focused sandbox environment. This will allow the company to test its products in a controlled environment with the FCA’s guidance and oversight.

Luno also recently launched its own Luno Exchange, allowing customers to buy, sell and store digital assets. The platform supports Bitcoin, Ethereum, Ripple and Binance Coin, as well as the stablecoin BUSD.

Commenting on the recent changes, Swanepoel said: “Tim has been a great friend and colleague for many years and we’re sad to see him leave. We wish him the best of luck in his future endeavours. We’d also like to thank Simon for all he has done to help Luno get to where it is today, and we look forward to seeing where he takes us in the future.”

The changes come as Luno continues to make strides in the cryptocurrency exchange space. With the FCA’s support, the company is looking to further expand its presence in the UK and across the world in the years to come.