skip to Main Content
bitcoin
Bitcoin (BTC) $ 95,161.50 0.20%
ethereum
Ethereum (ETH) $ 3,437.26 3.81%
tether
Tether (USDT) $ 0.999275 0.22%
xrp
XRP (XRP) $ 2.29 5.44%
bnb
BNB (BNB) $ 689.79 1.90%
solana
Solana (SOL) $ 194.62 7.16%
dogecoin
Dogecoin (DOGE) $ 0.32743 5.48%
usd-coin
USDC (USDC) $ 1.00 0.18%
staked-ether
Lido Staked Ether (STETH) $ 3,428.05 3.51%
cardano
Cardano (ADA) $ 0.92025 4.56%

Crypto Exchange Luno to Withdraw From Singapore

Consensus 2023 Logo

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Consensus 2023 Logo

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Cryptocurrency exchange Luno will stop servicing customers in Singapore as of June 20, the firm said on Monday.

Luno has informed the Monetary Authority of Singapore (MAS) that is withdrawing its application for a license to operate in the southeast Asian city state. The exchange said it has taken the decision as part of an “evaluation of [its] global strategy and presence.”

In a separate announcement, Luno said customers in neighboring Malaysia are unaffected and that the exchange will continue to operate there.

Luno recently hired investment bank Canaccord Genuity Group to help attract new investors in order to finance its growth and expansion plans, with an eye on a public listing in the future.

Customers in Singapore have until June 19 to withdraw all funds they hold on the platform.

Luno is owned by Digital Currency Group (DCG), which is also the parent company of CoinDesk.

Edited by Sheldon Reback.

DISCLOSURE

Please note that our

privacy policy,

terms of use,

cookies,

and

do not sell my personal information

has been updated

.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

strict set of editorial policies.

CoinDesk is an independent operating subsidiary of

Digital Currency Group,

which invests in

cryptocurrencies

and blockchain

startups.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

stock appreciation rights,

which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG

.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top