Luno: cryptocurrency heavyweight reaches 2 million customers

Luno makes it safe and easy to buy, store and learn about cryptocurrencies like Bitcoin and Ethereum. The company is committed to demystifying cryptocurrencies by educating their customers on the risks and benefits associated with this exciting new technology.

With a team of 250+ spread across three main hubs: London, Singapore and Cape Town, Luno now empowers over two million customers in more than 40 countries worldwide.

In the last month alone, more than $302 billion worth of cryptocurrency trades* have been completed globally, demonstrating the soaring appetite for the cryptocurrency industry across the world. Bitcoin, the first and most popular cryptocurrency, now exceeds the $125 billion total market cap**.

Marcus Swanepoel, Co-founder and CEO of Luno, commented, “Reaching the two million customers is a significant achievement. We strongly believe that by making Bitcoin more accessible through education and by offering a user-friendly, safe platform more and more people across the globe can benefit from a better financial system”.

He added, “This milestone demonstrates the growing adoption of cryptocurrencies across the globe and reinforces our aim of reimagining a financial system where money is cheaper, faster and safer with open and equal access for everyone.”

The Luno currently offers three core products:

Luno Wallet: Consumer payments, cryptocurrency conversion and storage
Luno Exchange: Professional cryptocurrency trading platform
Luno Enterprise: Merchant integration, open API’s, institutional investors

Luno was founded by CTO Timothy Stranex, a former Google software engineer and CEO Marcus Swanepoel, a former investment banker.