Luno Bitcoin Exchange Opens New African Headquarters In Johannesburg

On 17th September 2018, Luno (formerly BitX) announced that it will be opening a Johannesburg office which will serve as Luno’s regional headquarters for Africa. Marcus Swanepoel, Co-founder and CEO at Luno, said that Luno has closely been monitoring the African market and they believe that it is finally time for a dynamic expansion across Africa.

Luno has a large office in Cape Town where a lot of its global functions are located but it never had an office solely dedicated to South Africa and the broader Africa. Now it does with Johannesburg being the main financial center in Africa and a gateway to other African countries.

Although it was the first crypto company to operate in Africa, it has been largely limited to Nigeria and South Africa but this is about to change. It also has headquarters in London, Singapore, Cape Town and regional offices in Lagos, Kuala Lumpur and Jakarta. Africa will be an addition to the 40 other markets across Europe and Southeast Asia that Luno operates in. It provides services to over 2 million customers. It has already greatly invested millions of US dollars into its new Johannesburg office.

Benefits

Other than the expansion, another great result is the provision of job opportunities as the new office will be home to a brand new engineering team. Luno is currently recruiting to fill more than 30 roles in Johannesburg. The new team will liaise closely with the team in Lagos, Nigeria and more capital and resources will be invested to cater for the African expansion over the coming months and years.

Luno’s long term goal is to upgrade the world to a better financial system and it is clearly not shying away from this. With a very able global team of over 250 employees who come from a wide range of backgrounds in engineering, finance and industry, Luno is revolutionizing the way people use money. The team members also speak multiple languages and have successful track records working at top global companies such as Google, Amazon, Morgan Stanley, Barclays and Ernst & Young.

More About Luno

It was founded in 2013 by CEO Marcus Swanepoel, Timothy Stranex (CTO), Pieter Heyns (CFO) and Carel van Wyk. The exchange only supports 3 cryptocurrencies: Bitcoin, Ethereum and Bitcoin Cash. Luno allows users to buy and sell Bitcoin through bank transfers, SEPA transfer, Interbank GIRO/IBFT and EFT depending on your country.

The two methods of buying and selling Bitcoin on Luno are Instant buy/sell and trading on Exchange. When trading on the exchange you choose the amount you want to sell your Bitcoin and when the Bitcoin price rises or falls to that price, your Bitcoin will be sold. Same to buying.