Crypto Exchange Luno Eyes US Expansion

Crypto Exchange Luno Eyes US Expansion

Crypto Exchange Luno Eyes US Expansion

Cryptocurrency exchange Luno is weighing up the regulatory regimes in the 50 U.S. states ahead of a planned rollout over the course of this year, the company’s general manager for Africa, Marius Reitz said in an interview with 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 entirely by blockchain investment firm Digital Currency Group, which is also the parent company of CoinDesk.

Read more: South African Regulator Issues Warning on FTX, Bybit

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