Luno has reached over 4 million customers worldwide, adding one million new users since September 2019
Previously, according to a report from CryptoCompare, Luno was the only African exchange on the top 20 globally. Moreover, within just a few months since September 2019, Luno said it has reached more than 4 million customers worldwide.
It’s official! We’ve just reached 4 million customers ?
Thanks to the community for the support ? We’re looking forward to upgrading millions more to a better financial system ? pic.twitter.com/VYArF7NCOe
— Luno (@lunomoney) May 13, 2020
Luno hits 4 million users, meanwhile, users coming from Nigeria
Luno is one of the most popular Bitcoin and cryptocurrency exchanges. The exchange allows trading of Bitcoin and Ethereum using several fiat types. Besides, Luno announced that transaction volume has doubled since the beginning of March 2020, with the number of monthly active users increased by 50%. Meanwhile, March is also the month with a significant increase in transaction volume since August 2019 and active users since April 2019.
This is a fairly reliable result because the benchmark is the most recognized and respected ranking in the industry as it ranks 160+ spot exchanges across 64 metrics & serves as a guide to identifying the lowest risk exchanges in the industry. So. It can be said that more than one million new users have joined since September 2019.
In a statement today, Luno said it also saw the second-biggest increase of website traffic across all exchanges for the month of April, higher than the likes of Binance, Coinbase, and Kraken. The news comes during the halving of Bitcoin and follows the recent addition of Litecoin to the Luno platform, which joined Bitcoin, ETH, and XRP.
The big day has arrived ? @litecoin has officially made its way to Luno ? For everything you need to know about #Litecoin, click through to our blog ? https://t.co/vxZlJNMK5a pic.twitter.com/vb9M4aC2Iw
— Luno (@lunomoney) May 11, 2020
Luno CEO and co-founder Marcus Swanepoel stated:
“It’s only natural to see that people are looking for alternatives to traditional forms of money. Whether they’re looking for new ways to spend, or new assets to invest in, hitting this milestone — and the pace at which we’ve hit it – not only reinforces the trust users have in our platform but the growing appeal of cryptocurrencies.”
Finally, we want to note that the majority of these new customers come from emerging markets like Nigeria.
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