Luno, an African cryptocurrency exchange, is looking to expand into the United States

<p>Luno, Africa's largest cryptocurrency exchange, wants to bring its products in front of the world's largest section of digital asset investors: those in the United States.</p> <p>Luno is researching every U.S. state for regulatory needs and variances in the hopes of launching its exchange in the country in 2022, according to Marius Reitz, Luno's general manager for Africa.</p> <p>The differences among states, according to Reitz, make it particularly difficult to move into a single market. Despite the obstacles, Luno told Bloomberg that he is committed to visiting the United States this year.</p> <p>Luno was created by CEO Marcus Swanepoel, CFO Alwyn Jones, and CTO Timothy Stranex in 2013 and is based in London with regional headquarters in Singapore and Cape Town. Luno, formerly known as BitX, was purchased by Digital Currency Group in 2020.</p> <p>According to corporate records, Luno has over 9 million users in more than 40 countries and has completed more than $14 billion in transactions. The startup currently trades bitcoin, Ethereum, and ripple, with further currency on the way, according to Reitz.</p> <p>In Nigeria and South Africa, nearly one-fifth of the population has digital assets. It's in these places that cryptocurrency has gained traction. There are also unexplored prospects in East Africa, according to Reitz.</p> <p>FTX and Binance are just two of the crypto exchanges planning to expand to the United States, which is home to more than half of the world's crypto unicorns, according to CB Insights.</p> <p>According to the research, Reitz believes bitcoin exchange-traded funds — where investors may own many coins without having to acquire them — will be available in the next 24 months.</p> <p> </p> <p><a href='http://paypal.me/cryptopirates'>Support us!</a></p>