Bitcoin

Ethereum

Malaysia-headquartered crypto exchange <a href="https://www.blockhead.co/tag/luno/" rel="noopener noreferrer nofollow">Luno</a> has appointed Aaron Tang as its APAC general manager, effective 15 May 2023, according to a statement this week.
One of Luno's founding team, Tang joined the company in 2018 as its marketing and community lead for Malaysia, and has since climbed the ranks there, his most recent role being country manager for Malaysia. He will be tasked with the strategic overview of Luno’s market operations at the regional level, in addition to growing business in core markets across the APAC region.
Tang takes over from David Low, who has also been with Luno since its inception five years ago. Low said he will be taking a career break.
At the same time, Luno appointed Scarlett Chai to take over as the new Country Manager for Luno Malaysia effective immediately. Chai previously serves as Luno's marketing manager since July 2021.
<h2 id="header-0">Tough times</h2>
Luno is one of four digital asset exchanges in the country that holds a Recognized Market Operator license from Securities Commission Malaysia. But it hasn't fared too well of late, with parent company <a href="https://www.blockhead.co/tag/dcg/" rel="noopener noreferrer nofollow">DCG</a> also facing turmoil since the collapse of FTX. 
Luno announced a slew of layoffs in January 2023, cutting its global headcount by 35%. At the time, co-founder and CEO Marcus Swanepoel – who has since stepped down – said that it had been an "incredibly tough year" for the crypto markets which has affected Luno's "overall growth and revenue numbers."
Swanepoel stepped down as CEO last month, and was succeeded by James Lanigan who was formerly the chief operating officer.
The exchange reportedly has around 60 employees, and over 800,000 Malaysian users on the platform, and stores more than RM1.2 billion (US$270 million) in value on behalf of its customers across nine approved digital assets.
<h2 id="header-1">Singapore withdrawal</h2>
Earlier this month, Luno said it would be exiting Singapore and withdrawing its license despite being granted in-principle approval last year.
Related: <a href="https://www.blockhead.co/2023/04/18/dcgs-luno-exits-singapore-withdraws-license-application/" rel="noopener noreferrer nofollow">DCG's Luno Exits Singapore, Withdraws License Application</a>
Luno said the decision came from a "regular evaluation of our global strategy and presence"
The world of Web3 can be quite a whirlwind. Whether it’s crypto news in Singapore, South East Asia or even across the globe, we understand how busy the industry is keeping you, so we kindly send out three newsletters each week:
<ul>
 <li><a href="https://blockhead.co/tag/blockbeat?ref=blockhead" rel="noopener noreferrer nofollow">BlockBeat</a> for a wrap-up of the week’s digital assets news</li>
 <li><a href="https://blockhead.co/tag/blockhead-brief?ref=blockhead" rel="noopener noreferrer nofollow">Blockhead Brief</a> for weekend happenings as well as what to look forward to in the week ahead</li>
 <li><a href="https://www.blockhead.co/tag/business-bulletin/" rel="noopener noreferrer nofollow">Business Bulletin</a> for macroeconomic updates and industry developments.</li>
</ul>
To avoid FOMO and access member-only features, click <a href="https://www.blockhead.co/#/portal/" rel="noopener noreferrer nofollow">here</a> to subscribe for FREE.

Luno Appoints APAC General Manager

목차

Blockhead

2023년 4월 28일에 게재된 다른 기사

Hackathon on Chainlink (LINK) network could lead to 10% price gains, but investors prefer Collate...

Findora Brings Auditable, Plug-And-Play Privacy To Any Web3 Dapp

Particle Network and MAP Protocol Join Forces to Improve Omnichain Connectivity

How digital marketing is embracing the ever-changing world of work

How We Are Supporting O2 With Their Journey Onboard The Digital Express

test

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!