Marcus Swanepoel Steps Down As CEO Of Crypto Exchange Luno

  • Co-founder of crypto exchange Luno, Marcus Swanepoel, is stepping down as CEO and will become the firm’s executive chairman.
  • Luno will seek new investment from outside investments

The CEO of cryptocurrency exchange Luno, Marcus Swanepoel, is stepping aside and handing the reins to its head of operations.

James Lanigan, Luno’s chief operating officer, will take over as the new CEO.

In a statement, Swanepoel said he was “excited for our next chapter as we continue to put the power of crypto in everyone’s hands.”

The opportunity for crypto is bigger and brighter than ever, and James is a seasoned operator and an outstanding leader with a track record of success across all aspects of running a truly global fintech business.”

The company will now look to raise new investments from outside investors after hiring investment banking firm Canaccord Genuity Group. Luno is also aiming to expand internationally and plans for an eventual listing.

Luno laid off 35% of its workforce in January due to market turbulence in the crypto space.

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