DCG to support Luno's global expansion across Africa, Asia, Europe, and beyond
Luno will operate as an independent, wholly-owned subsidiary of DCG
Key Highlights of the Acquisition
- Global Reach: Luno serves over 5 million customers across 40+ countries, with regional hubs in London, Singapore, and Cape Town.
- Strategic Growth: DCG commits significant financial resources to expand Luno’s operations in existing and new markets.
- Leadership Continuity: Luno’s CEO Marcus Swanepoel and executive team will remain intact post-acquisition.
Why This Acquisition Matters
1. Strengthening Emerging Markets
Luno has been pivotal in advancing cryptocurrency adoption in frontier economies like:
- South Africa (3rd highest crypto ownership rate)
- Nigeria (5th)
- Indonesia (6th)
- Malaysia (10th)
👉 Discover how Luno educates users about digital assets
2. DCG’s Ecosystem Synergy
As DCG’s subsidiary, Luno gains access to:
- Grayscale Investments: Largest digital asset manager globally.
- Genesis: Leading institutional trading platform.
- CoinDesk: Premier blockchain media outlet.
3. Future Roadmap
Luno plans to:
- Compete with traditional financial services.
- Accelerate hiring for global roles.
- Launch new tools for secure crypto trading.
Executive Insights
Barry Silbert, DCG CEO:
"Marcus and Luno’s team share our mission to enhance economic freedom through blockchain innovation. This acquisition aligns with DCG’s vision of transforming financial systems."Marcus Swanepoel, Luno CEO:
"With DCG’s backing, we’re positioned to upgrade financial systems for 1 billion people by 2030."
FAQs
1. Will Luno’s operations change post-acquisition?
No. Luno remains an independent subsidiary under DCG, retaining its brand and leadership.
2. Which regions will Luno focus on?
Expansion continues in Africa, Asia, and Europe, with potential new markets.
3. How does Luno ensure user security?
👉 Learn about Luno’s security protocols
4. What cryptocurrencies does Luno support?
Bitcoin (BTC), Ethereum (ETH), and other major digital assets.
About the Companies
Digital Currency Group (DCG)
Founded in 2015, DCG invests in 160+ blockchain companies globally, including Grayscale and CoinDesk.
Luno
Established in 2013, Luno empowers users to buy, sell, and store crypto securely.
Keywords: cryptocurrency exchange, Bitcoin, DCG, Luno acquisition, digital assets, blockchain investment
Note: Financial terms of the deal remain undisclosed.
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