luno

Luno is a global cryptocurrency exchange and wallet service that enables users to buy, sell, store, and trade digital currencies. The platform offers fiat onramps and offramps, a mobile app and web interface, and supports trading of major cryptocurrencies, with Bitcoin and Ethereum among the most widely available assets.

History and ownership: Luno began life as BitX in 2013 and was later rebranded to Luno in 2016 after a corporate restructuring and expansion. It operates as Luno Pte Ltd and has served markets across multiple regions, with a focus on emerging markets in Africa, Asia, and Europe. The company has pursued partnerships with banks and payment providers to facilitate deposits and withdrawals in supported jurisdictions.

Services and features: The platform provides spot trading, a crypto wallet for holding assets, and fiat-to-crypto as well as crypto-to-crypto transactions. It supports deposits via bank transfer and, in some regions, card payments. Luno emphasizes security through measures such as two-factor authentication, withdrawal whitelisting, and storing a substantial portion of funds in offline cold storage, along with routine security audits and incident response protocols.

Regulation and compliance: Luno operates under the regulatory frameworks of the jurisdictions in which it offers services. It implements Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures where required and adjusts licensing and supervision to local rules.

Market presence: The platform is used internationally, with particular emphasis on Africa, parts of Asia, and Europe, and maintains regional teams to support local currencies, payment methods, and customer support.