Cryptocurrency platform Luno reaches over 4 million users

SA founded cryptocurrency platform Luno announced today that it has reached over four million customers worldwide, having added a million new users since September last year.

In a statement today, Luno said it also saw the second-biggest increase of website traffic across all exchanges for the month of April, higher than the likes of Binance, Coinbase and Kraken.

The news comes during the halving of Bitcoin and follows the recent addition of Litecoin to the Luno platform, which joined Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).

Luno said it also saw the second-biggest increase of website traffic across all exchanges for the month of April

Luno CEO and co-founder Marcus Swanepoel (pictured above) said in the statement that in the current climate, “it’s only natural to see that people are looking for alternatives to traditional forms of money”.

“Whether they’re looking for new ways to spend, or new assets to invest in, hitting this milestone — and the pace at which we’ve hit it – not only reinforces the trust users have in our platform but the growing appeal of cryptocurrencies,” said Swanepoel.

Swanepoel founded the business in South Africa in 2013 with Timothy Stranex. Today it is headquartered in London, with hubs in Singapore and Cape Town, and users across 40 different countries.

It recently announced that its trading volumes doubled since the start of March, with a 50% rise in its number of active users month-on-month. March also saw the platform’s biggest month in terms of trading volume since August 2019, and active users since April last year.

Featured image: Luno CEO and co-founder Marcus Swanepoel (Supplied)