Luno Secures 10-Million Customers in over 40 Countries -Luno, the crypto company founded by two South Africans, now has 10 million customers in over 40 countries. Luno’s latest one million c... -
Luno, the crypto company founded by two South Africans, now has 10 million customers in over 40 countries. Luno’s latest one million customers were onboarded in just six months, according to a press release from the company.
On average South Africans deposit R480 when they open their Luno account and tend to hold it for 10 months . 82% of new customers who bought crypto purchased Bitcoin, while 28% bought Ethereum. Luno’s growth reflects the broader crypto industry’s resilience following a volatile year. After soaring to an all-time high market cap of, the cryptocurrency market fell to its lowest level in five months in January 2022 amidst regulation concerns and a challenging macro-economic environment. In March 2022, the crypto market once again crossed the $2-trillion mark.
Marius Reitz, Luno’s GM for Africa notes that it took five years for Luno to build a base of its first one million customers in 2017.
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