Africa’s Biggest Cryptocurrency Exchange Start-Up Luno Details Its United States Expansion Plans
Africa’s Biggest Cryptocurrency Exchange Start-Up Luno Details Its United States Expansion Plans. It has been reported that Africa’s largest Cryptocurrency exchange Luno is planning on expanding its services to the United States. The company seeks to enter into all 50 states as it aims to tap into one of the world’s biggest populations of digital-asset investors.
“It is more complex than launching in an individual market because of the different states and different regulations within each of these states, so there’s lots of moving parts,” Marius Reitz, Luno’s general manager for Africa, told My Broadband. “But it is a company focus for us for 2022.”
The Cryptocurrency space has been growing rapidly throughout the years as more people have come to either invest in or trade digital assets such as Bitcoin. The rise of Cryptocurrency has meant that companies that are involved in it have also grown and are thriving in the market. Luno seeks to expand its reach and be able to connect more people into the world of Cryptocurrency. By tapping into the Cryptocurrency space in the United States, Luno is seeking to become one of the top exchanges in the industry as the US has one of the biggest Cryptocurrency markets.
In 2013, Luno set out to empower billions of people across the world by upgrading them to a more open, efficient, and inclusive financial system. To do that, it built a platform that makes cryptocurrencies such as Bitcoin and Ethereum easily accessible to everyone – whoever and wherever they are.
Luno is an independent operating subsidiary of Digital Currency Group, Digital Currency Group’s mission is to accelerate the development of a better financial system. They do this by building and supporting blockchain and digital currency companies using their network, insights, and access to capital. DCG has been the most active investor in the digital currency industry, with investments in over 130 companies in 30 different countries, including market leaders such as CoinDesk, Genesis, and Foundry.
