New CTO Takes Helm of Cryptocurrency Exchange Luno

• Timothy Stranex, the co-founder and chief technology officer of cryptocurrency exchange Luno, departed in December.
• He was replaced by Simon Ince, who joined Luno two years ago as vice president of engineering.
• Luno is headquartered in London and has over 10 million customers worldwide.

Cryptocurrency exchange Luno recently said goodbye to one of its co-founders, Timothy Stranex, who served as the company’s chief technology officer (CTO). Stranex, who founded the company nearly 10 years ago with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel, announced his departure in December to pursue personal projects.

Luno, which is owned by Digital Currency Group (DCG), the same parent company of CoinDesk, has since appointed Simon Ince to the position of CTO. Ince, who joined Luno two years ago as vice president of engineering, has taken on the role of leading Luno’s technical teams and overseeing the company’s technology strategy.

Luno currently has over 10 million customers worldwide, with offices in London, Singapore, Cape Town, Johannesburg, Lagos and Sydney. The exchange offers a range of services, including the ability to buy, sell, store and trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple.

In a statement, Swanepoel honored Stranex’s contributions to the company, saying: “We are grateful to Tim for his many years of service and dedication to Luno. His insight and passion have been instrumental in shaping the company and we wish him all the best in his future endeavors.”

Stranex also thanked Luno in his statement, expressing his excitement to see the company continue to grow and develop: “It has been an incredible ride to build Luno from the ground up and to serve as CTO for the past nine years. I am excited to see Luno continue to grow and I look forward to what the future holds for the company.”

As for Ince, he said he is looking forward to the challenge of leading Luno’s technical teams and helping to take the company to the next level. “I am thrilled to be taking on the role of CTO and I am excited to help Luno continue to deliver the best possible service to our customers,” he said.

With Luno now under new leadership, the company is looking ahead to the future and continuing to serve its customers with the best digital currency products and services.