Naspers-backed Luno sold to US investor DCG
Naspers and Rand Merchant Investments have sold their stakes in Luno to Digital Currency Group
09 September 2020 - 13:03
Naspers-backed cryptocurrency exchange Luno has been acquired by Digital Currency Group (DCG), a US based blockchain investor, for an undisclosed sum.
Founded in SA by CEO Marcus Swanepoel and chief technology officer Timothy Stranex in 2013, Luno has grown to become the country's largest cryptocurrency exchange, competing with firms such as VALR and AltCoinTrader. Luno has five-million customers across 40 countries and almost 400 employees based in London, Singapore and SA. ..
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