Digital Currency Group (DCG), a crypto-focused venture capital firm has acquired Luno, an international cryptocurrency exchange.
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DCG claims Luno has developed "significantly in recent years," with approximately 400 employees and over 5 million global customers from over 40 countries.
With the acquisition, the DCG plans to help Luno's global expansion. Financial terms of the deal are not disclosed.
DCG Founder and CEO Barry Silbert says the firm recognizes "a shared commitment to building mission-driven companies that can help transform traditional financial services and improve economic freedom for people all over the world."
Luno CEO Marcus Swanepoel says the exchange is planning to reach its goal"to help upgrade 1 billion people to a better financial system by 2030."
"The past seven years have been an incredibly exciting journey for Luno – helping millions of our customers get access to crypto for the first time," Swanepoel added.
iHodl earlier reported that ETERBASE, a European trading platform suffered a hacker attack which allegedly resulted in lose worth of 5 million in digital tokens.
According to the platform's official Twitter account, the attackers gained access to six hot wallets that stored bitcoin (EXANTE: Bitcoin), ethereum (ETH) with other ERC-20 tokens, XRP, TRON (TRX), Tezos (XTZ) and Algorand (ALGO).
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.