Luno Loses Co-Founder as CTO, Simon Ince Steps Up to Lead

• Luno cryptocurrency exchange’s co-founder and chief technology officer (CTO) Timothy Stranex departed in December 2020.
• Stranex founded the company in 2011 with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel.
• Stranex has been replaced as CTO by Simon Ince, who joined Luno just under two years ago as its vice president of engineering.

Luno, a leading cryptocurrency exchange, recently saw a major executive shakeup when Timothy Stranex, the company’s co-founder and chief technology officer (CTO) exited in December 2020. Stranex, who had been with the company since its founding in 2011, was an instrumental force in making Luno the success it is today. He had been working alongside three other founders, Carel van Wyk, Pieter Heyns, and current CEO Marcus Swanepoel, to build the firm.

Stranex was responsible for driving the technology side of the business, including the development of its cryptocurrency trading platform. His expertise and leadership were indispensable in the early days of the company, and his departure is a significant loss for Luno. Fortunately, however, the firm has already found a replacement in Simon Ince, who joined Luno just under two years ago as its vice president of engineering.

Ince’s experience and knowledge in the field make him an ideal choice to fill in the void left by Stranex. In the two years since his appointment, Ince has already established a track record of success, leading the engineering team at Luno to develop innovative technologies and features that have made it one of the most popular exchanges in the world. Luno now has over 10 million customers across the globe, and its offices can be found in London, Singapore, Cape Town, Johannesburg, Lagos, and Sydney.

Stranex’s departure is undoubtedly a blow to the company, but it appears that Luno is in good hands with Ince at the helm of its engineering team. The future looks bright for the exchange, and it will be exciting to see what new innovations and features arise under Ince’s leadership.