• Timothy Stranex, Luno’s co-founder and Chief Technology Officer (CTO), departed from the company in December after 10 years of service.
• He has been replaced as CTO by Simon Ince, who joined Luno about two years ago.
• Luno is a cryptocurrency exchange headquartered in London, with offices also in Singapore, Cape Town, Johannesburg, Lagos and Sydney.
Cryptocurrency exchange Luno has seen a huge shakeup in its leadership team, as co-founder and Chief Technology Officer (CTO), Timothy Stranex, departed from the company in December after 10 years of service. Stranex founded the company with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel in 2011.
Stranex has since been replaced as CTO by Simon Ince, who joined Luno just under two years ago as its vice president of engineering. Ince brings to the role a wealth of experience in software engineering, having previously held positions at financial technology companies such as Worldpay and Fidelity International.
Luno is a cryptocurrency exchange headquartered in London, with offices also in Singapore, Cape Town, Johannesburg, Lagos and Sydney. It claims to have over 10 million customers worldwide and is also a subsidiary of Digital Currency Group, the parent company of CoinDesk.
The company has seen a period of significant growth since its launch in 2011, having secured a series of investments from venture capital firms such as Balderton Capital and Naspers. The exchange has also been steadily expanding its range of services, having recently launched a new feature allowing customers to buy and sell cryptocurrencies using credit and debit cards.
The departure of Stranex marks a significant change for the company, and it is not yet clear what the long-term impact of his exit will be. However, with Ince now in the role of CTO and the company continuing to invest in the development of its services, it seems likely that Luno will continue to remain at the forefront of the cryptocurrency exchange industry.