Luno crypto exchange restructuring

In late July 2026, Luno, the crypto exchange owned by Digital Currency Group, announced a 20% cut to its global workforce, adding to a previous 35% reduction in early 2023. The layoffs were framed as part of a shift toward institutional clients, automation, and a re‑organisation into three core platform units, while the firm continued to invest in compliance and infrastructure.

A few days later, Luno moved to limit user activity. It halted outgoing cryptocurrency transfers for customers in the regions covered by a regional‑exit notice, closing the transfer window on June 29. Affected users were given until August 31 to sell their crypto and withdraw the fiat proceeds, after which accounts would be closed on September 1. The company outlined manual withdrawal procedures, a new monthly fee, and the possibility of retaining any unclaimed balances. Together, the staff reductions and the abrupt service shutdown signal a broader restructuring and market exit by Luno in several African and Asian markets.