Luno Co-Founder Departs, CTO Replaced by Longtime Software Engineer

Bullet Point Summary:
• Timothy Stranex, co-founder and CTO of cryptocurrency exchange Luno, departed the firm in December to pursue personal projects.
• He was replaced as CTO by Simon Ince, who joined Luno two years ago as its vice president of engineering.
• Luno, owned by Digital Currency Group, has over 10 million customers worldwide and offices in several countries.

Cryptocurrency exchange Luno recently saw a key leadership change with the departure of co-founder and Chief Technology Officer (CTO) Timothy Stranex. Stranex had been with the firm since its founding nearly 10 years ago, and his exit in December was to pursue personal projects.

Stranex had co-founded the firm with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel. Taking his place as CTO is Simon Ince, who joined Luno just under two years ago as its vice president of engineering. Ince has a background in software engineering, having previously worked in the industry for over two decades.

Luno is a crypto exchange which has grown to become one of the most popular in the world. It is owned by Digital Currency Group (DCG), and has over 10 million customers located across the globe. The firm is headquartered in London, and has offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney.

The firm is the latest in a string of cryptocurrency exchanges to experience a leadership change in recent months, as the industry continues to grow and evolve. The departure of Stranex from Luno marks the end of an era for the firm, but with Ince now in the role of CTO, the company is looking forward to a bright future.

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