Digital Currency Group to acquire Luno

Digital Currency Group will help the cryptocurrency exchange Luno expand globally.

Blockchain investor Digital Currency Group (DCG) has acquired South African cryptocurrency exchange Luno.

According to a statement, the New York-based DCG will help Luno expand globally, both in geographies where Luno currently operates and beyond. 

DCG first invested in Luno in 2013. Luno has also been backed by global tech giant Naspers Group and Rand Merchant Investments, which have sold their stakes in Luno to DCG.

The Luno leadership team will remain intact and CEO Marcus Swanepoel will lead the acquisition efforts.