• Timothy Stranex, co-founder and chief technology officer of cryptocurrency exchange Luno, left the company in December 2020.
• Stranex was replaced as CTO by Simon Ince, who joined Luno in 2019 as its vice president of engineering.
• Luno, a Digital Currency Group company, has over 10 million customers worldwide and offices in multiple cities.
Cryptocurrency exchange Luno announced Thursday that Timothy Stranex, the company’s co-founder and chief technology officer (CTO), departed in December of 2020. Stranex had founded Luno in 2011 alongside Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel.
Following Stranex’s departure, Simon Ince was appointed as the new CTO. Ince joined Luno in 2019 as its Vice President of Engineering and will now be responsible for Luno’s overall engineering strategy and technology operations.
Luno is a cryptocurrency exchange with a global presence. It is a subsidiary of Digital Currency Group (DCG), which is also the parent company of CoinDesk. Luno has over 10 million customers worldwide and offices in several cities, including London, Singapore, Cape Town, Johannesburg, Lagos and Sydney.
In a statement to CoinDesk, Luno’s CEO Marcus Swanepoel said: “Timothy was instrumental in growing Luno from the ground up and we thank him for his contribution to the company. We’re pleased to have Simon Ince as our new Chief Technology Officer and are confident that Simon’s experience and leadership will help Luno continue to build and scale our engineering teams and products.”
Stranex had been with the company for almost 10 years, and his departure marked the end of an era for Luno. He helped to shape the company into the successful and growing business it is today, and he will be missed. Ince, on the other hand, is well-suited to take on the role of CTO and is expected to bring fresh insights and ideas to the company.
It is clear that Luno has big plans for the future, and with the appointment of a new CTO they are well-positioned to continue to grow and expand their cryptocurrency exchange. As the industry continues to evolve, Luno will be able to stay at the forefront of the market.