Cryptocurrency platform Luno, which has South African roots and is backed by Naspers, says it is still recording "exponential" growth in user numbers despite the recent sell-off of bitcoin and other digital coins. Following a spectacular rise through 2017, flagship digital currency bitcoin lost nearly two-thirds of its value between mid-December and early April. Bitcoin has since recovered slightly to R119,270, according to Luno’s prices. The correction "hasn’t impacted activity on Luno — in fact it continues to drive new users who have read about digital currency, thanks to increased press interest", said Timothy Stranex, co-founder of the company that was launched in 2013 and was previously called BitX. "We are now approaching 2-million customers globally and growth continues to be exponential," Stranex said. Luno’s newest market, Europe, was its fastest growing. Emerging markets The London-headquartered company previously focused mainly on emerging markets. It now operates in 40 ...

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