The New York-based crypto investor the Digital Currency Group (DCG) has announced it has taken over UK-based crypto exchange Luno for an undisclosed sum.
DCG made an initial investment in Luno back in 2014, but the platform has continued to grow in recent years, setting up bases in Singapore and Cape Town, South Africa.
Per DCG and Luno press releases, Luno says it has “nearly 400 employees and more than five million global customers spanning over 40 countries.”
DCG claimed that it would be “making a significant financial commitment to help Luno expand globally, both in geographies where Luno currently operates and beyond.”
Luno founder Marcus Swanepoel claimed,
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