Timothy Stranex Steps Down as CTO of Luno, Simon Ince Takes the Helm

• Timothy Stranex, co-founder and chief technology officer (CTO) of cryptocurrency exchange Luno, left the company in December 2020 to pursue personal projects.
• He was replaced as CTO by Simon Ince, who joined Luno two years prior as vice president of engineering.
• Luno, owned by Digital Currency Group, has over 10 million customers worldwide and offices in multiple countries.

Cryptocurrency exchange Luno, owned by Digital Currency Group, announced on Thursday that its co-founder and chief technology officer (CTO), Timothy Stranex, has departed the company in December 2020. Stranex was one of the four founders of Luno, alongside Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel, and his departure comes nearly 10 years after the company was founded.

Stranex’s role as CTO has been taken over by Simon Ince, who joined Luno just under two years ago as its vice president of engineering. Ince has extensive experience in the technology industry, having held various positions in companies such as Google, Microsoft and Samsung Electronics.

Luno has over 10 million customers worldwide and offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney. The company has been actively expanding, recently launching the first cryptocurrency exchange in the United Arab Emirates, with plans to expand to other countries in the Middle East and North Africa region.

In response to Stranex’s departure, Swanepoel said: “We thank Tim for his contribution to Luno and wish him the best in his future endeavors.” He continued by highlighting the company’s commitment to “building a strong and vibrant cryptocurrency ecosystem” and its commitment to developing the “best-in-class products and services” for its customers.

Stranex’s exit from the company marks the end of an era for Luno, which has seen tremendous growth since its launch in 2013. The company has become one of the largest and most successful cryptocurrency exchanges in the world, and its success is a testament to the hard work of its founders.