Luno, a Leading African Exchange, Hits 9 Million Users – Adds 1 Million Customers in Just 4 Months

Since May 2021, we have onboarded over a million new customers to our platform and we’re excited to help everyone learn more about cryptocurrency, together ?? pic.twitter.com/FAxw88t6Qk

Luno, the leading South African exchange, and one of the fastest growing in Africa, now has over 9 million customers in over 40 countries.

In just 4 months, Luno has added one million new customers with over 30% of the customer base coming from South Africa.

At the same time, Luno’s staff is now over 600 spread across various markets that include:

• Australia
• Indonesia
• Malaysia
• Nigeria
• South Africa

SEE ALSOLuno Gains 1 Million Users in Just 3 Months to Cross the 8-Million Customer Milestone – Over 300, 000 from South Africa

Speaking about this monumental growth, Marius Reitz, General Manager, Luno, Africa, said:

“The average value of first deposits made by our million new customers is around R550 (USD37). Most new customers (67%) bought Bitcoin, while 43% bought Ripple and 20% bought Ethereum. Of the new customers, 37% are aged between 18 and 24, and gender splits align with trends in financial services – almost three quarters (71%) are male.”

                                    – General Manager, Luno, Africa

Below is a timeline of Luno’s impressive growth stats:

• 2013 – Luno founded
• 2017 – Hits 1 million users
• 2020 – Added 3.6 million users
• May 2020 – Hits 4 million users
• August 2020 – Hits over 5 million users
• March 2021 – Hits 7 million users
• June 2021 – Hits 8 million users
• October 2021 – Hits 9 million users

Luno’s quarterly growth is nothing short of exponential, and highlights the demand for cryptocurrency within the regions they are established.

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