Luno
Facilitates buying, selling, and storing cryptocurrencies. Users can access market data and educational content to enhance their trading experience.
- Buy and sell cryptocurrencies
- Secure wallet for storage
- Market data access
- Educational resources for users
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Overall score: 4.16 / 5
Latest News
Luno is shifting from being just a crypto trading app to offering a broader infrastructure package aimed at businesses and institutions across Africa and beyond. This bundled offering reportedly combines trading services, a stablecoin, and payment tools under one roof. The move signals an attempt to profit from backend crypto infrastructure demand rather than relying solely on individual retail traders.
For consumers: while this shift targets businesses rather than everyday traders directly, it could eventually mean more reliable payment options and new crypto-based services become available through platforms that adopt Luno's infrastructure.
Luno
Crypto exchange Luno has purchased GTXN, a Kenyan company specializing in cross-border payment services, marking entrepreneur Dan Kleinbaum's second successful business sale. The deal provides Luno with regulated infrastructure to handle corporate money transfers without relying on third-party processors. This move signals Luno's broader push into business-focused financial services across African markets.
For consumers: this acquisition could mean faster, more reliable transfers and potentially new services as Luno strengthens its payment capabilities in the region.
Kenya is rolling out a formal licencing system for crypto companies, requiring major players like Binance, Luno, and Yellow Card to register with regulators. This brings the country's large but previously unregulated digital asset sector under joint supervision by its capital markets and central bank authorities. The move puts Kenya among a small group of African nations, including South Africa, Mauritius, and Botswana, that have established clear rules for crypto businesses.
For consumers: having licenced platforms means greater accountability and legal protection when buying, storing, or trading digital assets in Kenya.
Yellow Card