• Timothy Stranex, co-founder and chief technology officer (CTO) of cryptocurrency exchange Luno, departed in December.
• He was replaced by Simon Ince who joined Luno just under two years ago as its vice president of engineering.
• Luno has over 10 million customers worldwide with offices in London, Singapore, Cape Town, Johannesburg, Lagos and Sydney.
Cryptocurrency exchange Luno recently announced the departure of co-founder and chief technology officer (CTO), Timothy Stranex, in December. Stranex had founded Luno with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel nearly 10 years ago. His replacement as CTO is Simon Ince, who had joined Luno just under two years ago as its vice president of engineering.
Luno is a cryptocurrency exchange headquartered in London and owned by Digital Currency Group (also the parent company of CoinDesk). It offers services to over 10 million customers worldwide and has offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney. The exchange is known for its ease of use and varied services aimed at newcomers to the cryptocurrency market, such as its ‘Luno Learn’ educational program.
Stranex, who left to “pursue personal projects,” has been essential in the success of Luno and its growth over the years. He was the driving force behind the company’s technological development and his expertise in the field helped to establish Luno as one of the most popular crypto exchanges. His departure is a great loss for the company, however, the team is confident that Simon Ince is the right person to take over and continue the development of the exchange’s products and services.
Ince has a wealth of experience in software engineering and previously held engineering positions at Microsoft and Amazon. He is also a board member for UK-based blockchain services company, Blockchain.com. Ince is excited to take on the role of CTO and is looking forward to furthering the development of the Luno platform.
With the departure of Stranex and the appointment of Ince as CTO, Luno is confident that it can continue to deliver the same quality of service its customers have come to expect. The exchange is also looking forward to the development of new products and services that can bring the benefits of cryptocurrency to a wider audience.