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

Feb 4, 2022 at 9:25 a.m. UTC

Updated Feb 4, 2022 at 3:49 p.m. UTC

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

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 Bloomberg.

“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.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.