Crypto Exchange Luno Eyes US Expansion

Cryptocurrency exchange Luno is looking for a toehold in the U.S., studying the regulatory regimes in all 50 states ahead of a planned rollout over the course of this year, the company's general manager for Africa, Marius Reitz, told Bloomberghttps://finance.yahoo.com/news/biggest-crypto-exchange-africa-sets-050000731.html.

• “It is more complex than launching in an individual market because of the different states and different regulations within each of these states, so there’s lots of moving parts,” Reitz said.
• The London-based exchange is one of Africa's largest and has 9 million customers worldwide. It also has offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney.
• Luno was founded in 2013, initially based in Singapore before relocating to London. In 2020, it was acquired by investment firm Digital Currency Group, the parent company of CoinDesk.

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