Cryptocurrency Platform Luno Reaches Over 4 Million Users

• South Africa’s cryptocurrency platform Luno today disclosed it has reached more than four million customers worldwide, adding a million new users since September last year.
• The news comes amid Bitcoin’s halving, and follows the recent introduction of Litecoin to the Luno network that joined Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).
• In 2013 Swanepoel founded the company with Timothy Stranex in South Africa. It currently has its headquarters in London, with hubs in Singapore and Cape Town and users across 40 countries.

South Africa’s cryptocurrency platform Luno today disclosed it has reached more than four million customers worldwide, adding a million new users since September last year.

In a statement today, Luno said it also saw the second-biggest increase in website traffic across all exchanges for the month of April, higher than the likes of Binance, Coinbase and Kraken.

The news comes amid Bitcoin’s halving, and follows the recent introduction of Litecoin to the Luno network that joined Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).

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In the statement, Luno CEO and co-founder Marcus Swanepoel said that the current climate is changing, “it’s only natural to see that people are looking for alternatives to traditional forms of money”.

“Whether they’re looking for new ways to spend, or new assets to invest in, hitting this milestone — and the pace at which we’ve hit it – not only reinforces the trust users have in our platform but the growing appeal of cryptocurrencies,” said Swanepoel.

In 2013 Swanepoel founded the company with Timothy Stranex in South Africa. It currently has its headquarters in London, with hubs in Singapore and Cape Town and users across 40 countries.

It recently announced that its trading volumes have doubled since the beginning of March, with its number of active users rising by 50 per cent month-on-month. March was the platform’s biggest month since August 2019 in terms of trading volume, and active users since April last year.