Crypto

Luno Trims Workforce by 20% Amid Industry Challenges, Shifts Focus

Guavy AI Editorial Team Published July 30, 2026

Crypto exchange Luno has cut its global workforce by 20% as part of a pivot towards institutional business.

The move, which took place in July 2026, is an attempt to adapt to the current industry challenges facing crypto companies.

Luno CEO James Lanigan had warned earlier that South Africa's proposed Capital Flow Management Regulations could limit access to a $33 trillion stablecoin payment market at scale.

The Wire

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