Luno lays off 20% of global workforce as crypto exchange shifts to institutional clients - Tekedia

Luno is cutting about 20% of its global workforce, according to CEO James Lanigan.

The Digital Currency Group-owned exchange is shifting away from retail trading toward institutional and B2B services.

Lanigan said automation is also reducing staffing needs as the company retools its business model.

The move follows a prior layoff round in 2023 and reflects broader job cuts across crypto.