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Top exec steps down from Luno as crypto exchange hunts for new investors | Business

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A top executive at South African-founded cryptocurrency exchange, Luno, has resigned as the company seeks to bring in new investors to support its expansion. | News24_Business

Lanigan, who took over as CEO from Swanepoel, said this week that the company was still mulling a public listing. due to a downturn in the tech sector, falling crypto prices and the impact of the bankruptcy of FTX.

Luno has since hired financial services firm the Canaccord Genuity Group in a bid to bring on new investors alongside DCG to"fund scaling, support expansion, accelerate market share gain". "We are still at the early stage of a process that could result in a change in ownership or continued full ownership by DCG," said Lanigan. In times of uncertainty you need journalism you can trust.

 

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