Luno Crypto Exchange Aims To Expand Into The US

London-based Luno Crypto exchange aims to expand into the US as it has more than 9 million customers worldwide now so let’s read more in today’s latest cryptocurrency news.

The Luno crypto exchange is looking to set foot in the US as it is now studying the regulatory regimes in the 50 states ahead of the planned rollout in the course of this year, according to the general manager for Africa Marius Reitz:

“It is more complex than launching in an individual market because of the different states and different regulations within each of these states, so there are lots of moving parts.”

The exchange is one of Africa’s biggest and has 9 million customers worldwide but also has offices in Lagos, Sydney, Singapore, Cape Town, and more. Luno was founded in 2013 initially based in Singapore but then relocated to London. In 2020, it was acquired by Digital Currency Group.

As recently reported, the London-based crypto exchange Luno added support for Ripple’s XRP which is now the third-largest cryptocurrency by value behind bitcoin and ethereum. The addition of XRP to the Luno platform’s list of supported cryptocurrencies which only includes Ethereum, Bitcoin, and Bitcoin cash, will come in the next two weeks according to the latest Ripple speculation that came from a well-placed source. Luno or previously known as Bitx decided to support Ripple’s xrp after running a long poll of the huge 3-million user base with XRP getting the most votes as per the leaked internal slides show.

Luno boasts an ‘’A’’ grade from both bitcoin and crypto comparison site CryptoCompare especially when it asked its users which coin they are most interested in buying, excluding Ethereum and bitcoin from the possible choices. Ripple’s xrp came to the top with more than twice as many votes as Bitcoin cash which is a fork of bitcoin and the fourth-largest cryptocurrency by value which Luno added back in 2019. Litecoin and stellar also came in ahead of Bitcoin cash through a lot of the users who were interested in smaller cryptocurrencies.

Speaking of Ripple, Ripple’s valuation is a third higher than in late 2019 and the shadow of the SEC lawsuit still hangs over the company. However, Ripple is touting major growth in its business and announced that it bought back the shares of investors who financed its 0 million Series C round from 2019.
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according to the company, the new share purchase values the company at $15 billion which is a third more than the $9.8 billion valuations it recieved at the time of the Series C.