Bullish

Luno Cuts 20% Global Workforce to Expand Institutional B2B Operations

2026-07-28 20:21:07

Luno reduces global headcount by 20% amid restructuring, pivoting focus to institutional clients, core infrastructure, and non-USD stablecoin expansion in emerging markets.

Woofun AI reports that Luno, a cryptocurrency exchange under Digital Currency Group, intends to reduce its global workforce by approximately 20% as part of a broader business restructuring and cost-control strategy. CEO James Lanigan confirmed that the firm will prioritize the expansion of B2B operations while maintaining investment in institutional clients, core infrastructure, compliance, and retail products.

The exchange currently serves roughly 16 million users across Africa and the Asia-Pacific region. Luno is making its liquidity, wallet, and compliance capabilities available to banks, fintech companies, and telecom firms, allowing partners to provide crypto services under their own brands.

Additionally, the company plans to develop non-USD stablecoin infrastructure within emerging markets.

WOOFUN AI

Impact Assessment · Quick Read

The 20% workforce reduction signals a strategic pivot from broad retail acquisition to high-margin institutional partnerships. By opening infrastructure to traditional finance players, Luno aims to capture enterprise revenue streams, potentially stabilizing cash flow despite headcount cuts. Expansion into non-USD stablecoins positions the firm to benefit from growing demand for local currency pegs in emerging economies, though execution risk remains high during the transition.

Luno Cuts 20% Global Workforce to Expand Institutional B2B Operations

Impact Assessment · Quick Read

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