DayOfCrypto
  • Home
No Result
View All Result
DayOfCrypto
No Result
View All Result
DayOfCrypto
Home Other
south-african-crypto-exchange-hits-milestone-3m-wallets,-$5m-volume

South African Crypto Exchange Hits Milestone 3M Wallets, $5M Volume

by Admin
September 10, 2019
in Other
286 6
0
Share on FacebookShare on Twitter

South Africa’s crypto exchange Luno reaches three million wallets, reporting a surge of trading volumes in August.

Major South Africa’s crypto exchange Luno has continued growing, having processed more than $5 million worth of crypto in August 2019.

Marius Reitz, general manager for Africa at Luno, claimed that over 80 million South African rands ($5.4 million) worth of crypto has been completed on Luno’s South African platform on a daily basis in the last month, local tech publication TechFinancials reports Sept. 10.

Three million wallets milestone

Reitz reportedly stated that South Africa is one of the Luno’s strongest markets, noting the rising appetite for crypto trading in the country. 

Luno has also seen a significant surge of new customers, having reached a milestone of three million wallets across 40 countries on its platform. In comparison, Blockchain.com, one of the most popular global crypto wallets, has around 41 million wallets to date.

According to the executive, reaching three million wallets indicates the increasing global adoption and reinforces the company’s purpose of “reimagining a financial system where money is cheaper, faster and safer with open and equal access for everyone.”

London-based South African exchange

Backed by major global Internet and entertainment group Naspers, Luno exchange was founded in 2013 by two South Africans, Marcus Swanepoel, a former investment banker, and Timothy Stranex, a former Google’s software engineer, the report notes. To date, Luno is headquartered in London and operates across Africa, South East Asia and Europe.

Luno offers operating major cryptocurrencies including Bitcoin (BTC) and Ether (ETH) and is 105th biggest crypto exchange by average daily trading volumes, according to CoinMarketCap. On Aug. 23, Luno added support of Bitcoin Cash (BCH).

In late August, Luno’s CEO Marcus Swanepoel claimed that the majority of its clients use Bitcoin as a tool for investing and speculating, while transaction purposes account for a small share of use cases on the platform.

Tags: AdoptionBitcoinCryptocurrency ExchangeSouth Africa

Admin

About Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Popular Tag

Adoption Banks Binance Binance Coin Bitcoin Bitcoin Cash Bitcoin Price Bitcoin Regulation Bitcoin SV Blockchain Central Bank China Coinbase Crimes Cryptocurrencies Cryptocurrency Exchange EOS Ethereum Ethereum Price Facebook Germany Government Investments Japan Law Libra Litecoin Markets Market Update Mining Payments Regulation Ripple SEC Security South Korea Stablecoin Stellar Switzerland Tokens Tradings Transactions USA Wallet XRP

Recent News

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

November 8, 2020
Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

November 8, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
Skip to toolbar
  • About WordPress
    • WordPress.org
    • Documentation
    • Support
    • Feedback
  • Log In
  • AMP
    • View AMP version