• Timothy Stranex, co-founder and chief technology officer (CTO) of cryptocurrency exchange Luno, departed in December 2020.
• Stranex was replaced as CTO by Simon Ince, who joined Luno as its vice president of engineering nearly two years ago.
• Luno’s parent company is Digital Currency Group and it has over 10 million customers worldwide.

Cryptocurrency exchange Luno recently made a major change to its executive team with the departure of its co-founder and chief technology officer (CTO), Timothy Stranex. Stranex had served as Luno’s CTO for nearly 10 years after founding the company with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel. His departure in December 2020 was to “pursue personal projects”.

To fill the void left by Stranex, Luno hired Simon Ince as its new CTO. Ince joined the company nearly two years ago as its vice president of engineering. With Ince at the helm, Luno is confident in its ability to continue developing its products and services to meet the needs of its customers.

Luno is owned by Digital Currency Group (also the parent company of CoinDesk). It has offices in London, Singapore, Cape Town, Johannesburg, Lagos, and Sydney, and has over 10 million customers worldwide.

In the wake of Stranex’s departure, Luno CEO Marcus Swanepoel expressed his appreciation for the co-founder’s hard work and dedication to the growth of the company during his tenure. Swanepoel also expressed his confidence in Ince, stating that he is the perfect fit to lead Luno’s technology into the future.

With its new CTO in place, Luno is poised to continue its mission to democratize access to digital assets and make cryptocurrency accessible to all. The exchange is committed to innovating and creating products and services tailored to its customers, while also ensuring its platform is secure and compliant with regulations.