South African Crypto Exchange Reaches 5 Million User Milestone

Luno has announced that has registered over 5 million customers in over 40 countries and has now made its platform available in Australia. The launch comes shortly after the crypto exchange revealed it would also be available in the UK. Marius Reitz, Luno’s GM for Africa, says that key factors in the decision to enter the Australian market also included the young age of the population as well as disposable income. “Our African expansion is moving steadily forward and we recently launched in Zambia and Uganda. Luno is on an expansion drive and the Australian crypto landscape ticked many of the boxes on our checklist.” Australia has seen a five-fold increase in the number of fintech companies in the past five years. Almost 60% of the digitally active adults in the country are considered fint...