• Timothy Stranex, co-founder and CTO of cryptocurrency exchange Luno, departed in December.
• He was replaced by Simon Ince, Luno’s vice president of engineering.
• Luno, owned by Digital Currency Group, has over 10 million customers worldwide.

Cryptocurrency exchange Luno recently announced the departure of its co-founder and chief technology officer (CTO), Timothy Stranex, in December. With his departure, Luno appointed Simon Ince as its new CTO.

Stranex had co-founded Luno in 2011 with Carel van Wyk, Pieter Heyns, and current CEO Marcus Swanepoel. During his time at the company, Stranex served as its CTO and had been responsible for creating the company’s technology and engineering capabilities.

Luno is owned by Digital Currency Group (DCG), and has over 10 million customers in countries such as Singapore, Cape Town, Johannesburg, Lagos, and Sydney. The company’s mission is to make digital payments easier, faster, and more secure by providing users with an accessible platform to buy, sell, store, and trade cryptocurrency.

Ince, who previously served as Luno’s vice president of engineering, has been brought on board to fill Stranex’s role as CTO. He has worked in the technology industry for over 20 years, and previously held senior positions at companies such as Microsoft and Google.

Commenting on his appointment, Ince said, “I am so excited to be joining Luno as the new CTO. We have a wonderful and talented team, and I am looking forward to leading the engineering and technology efforts going forward.”

Luno’s CEO Swanepoel added, “We are delighted to welcome Simon to the team. His extensive experience in engineering and technology will be invaluable in our mission to make it easier, faster, and more secure for people to buy, sell, store, and trade digital currencies.”

Stranex, who is now pursuing personal projects, said of his departure, “I have hugely enjoyed my time with Luno, and am proud of what we have achieved. I am confident that Simon will do an amazing job leading Luno’s technology and engineering teams and I am excited to see what they will achieve in the coming years.”