• Timothy Stranex, the co-founder and chief technology officer (CTO) of cryptocurrency exchange Luno, left the company in December to pursue personal projects.
• Luno, which is owned by Digital Currency Group, has over 10 million customers worldwide and is headquartered in London with offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney.
•Simon Ince has replaced Stranex as the company’s CTO.
Cryptocurrency exchange Luno recently announced the departure of its co-founder and chief technology officer (CTO) Timothy Stranex in December. He and three other co-founders originally launched the company nearly 10 years ago and his departure marks a major shift in the company.
Luno, which is owned by Digital Currency Group (also the parent company of CoinDesk), has over 10 million customers worldwide and is headquartered in London with offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney. The company says that Stranex’s departure is to pursue personal projects and he has been replaced by Simon Ince, who joined Luno just under two years ago as its vice president of engineering.
Stranex’s exit is a significant loss for Luno, due to his long-term involvement with the company. He was one of the four co-founders of the company, alongside Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel, who will now lead the company on its own. Over the years, Stranex played a key role in developing the company’s technology and expanding its worldwide customer base.
Ince, the new CTO, brings over 15 years of experience in software engineering, product management, and innovation. He has previously held positions at Amazon, Intel, and Microsoft, and has experience in developing and launching products in the cloud, mobile, and desktop space. He holds a Bachelor’s degree in Computer Science from the University of Washington.
The news of Stranex’s departure has been met with mixed reactions from the crypto community. While some are praising Ince’s appointment and looking forward to what he brings to the table, others are concerned that Luno may struggle without its original co-founder.
Only time will tell how the company will fare without Stranex, but the future is looking bright for Luno, as it continues to expand its customer base and develop its technology. With Ince as its new CTO, the company is poised to reach new heights and continue to be a leading exchange in the crypto space.