Crypto platform Luno plans aggressive African expansion

The survey  is based on 1,000 online responses from people from all age groups and income brackets. While trading volumes  have declined since the sharp sell-off of flagship cryptocurrencies such as bitcoin and ethereum in December and January, interest in digital coins  has not waned, Reitz said.

“Of course, the December rush was absolutely driven by greed and people acted irrationally, so it was expected, and it’s actually a good thing that the price stabilised to some extent, although it’s still volatile compared to fiat currencies. But in terms of momentum, I don’t think there’s been any backward movement or pause.”

Luno has more than 2-million customers globally. SA is its most important market in terms of trading volumes — in…

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