SA crypto startup expands into Australia

Luno, a (South African) cryptocurrency exchange company, with over a reported five million customers in over 40 countries across the world, has announced the expansion of its platform to customers in Australia.

Marius Reitz, Luno’s GM for Africa, says that key factors in the decision to enter the Australian market also included the young age of the population as well as disposable income.

“Our African expansion is moving steadily forward and we recently launched in Zambia and Uganda. Luno is on an expansion drive and the Australian crypto landscape ticked many of the boxes on our checklist,” he says.

Among some of these reasons for the crypto exchange company expanding its reach into Australia include; a supportive fintech environment along with growing cryptocurrency awareness and adoption in the country. This announcement comes shortly after Luno revealed it would also be available in the United Kingdom.

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Source: SA crypto startup expands into Australia – Ventureburn