Luno, the global crypto platform founded by four South Africans, has announced a series of leadership changes less than two months after announcing that it was retrenching 35% of its staff across all the regions in which it operates.

The crypto exchange, which has customers across 40 countries, said on Wednesday that co-founder and CEO Marcus Swanepoel would be moving to a new role as executive chair. James Lanigan, who was the company’s COO, will replace Swanepoel as the new CEO...

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