In brief
- Luno is cutting about 20% of its staff globally, CEO James Lanigan told Bloomberg, without giving a number.
- He pointed to investments in automation that are “rapidly changing the resource model required to run the business.”
- The exchange, owned by Digital Currency Group, is moving toward institutional infrastructure and emerging-market stablecoins.
Luno is cutting about 20% of its staff worldwide, chief executive James Lanigan told Bloomberg on Tuesday, declining to say how many roles are affected. The exchange, owned by Digital Currency Group, is headquartered in London and has 16 million users across Africa and Asia-Pacific.
Luno has made “material investments in automation and broader operational improvements over the last…
