The global crypto exchange Luno, which is part of the Digital Currency Group holding, has announced a large-scale restructuring, which will reduce up to 20 percent of its staff. The company's CEO, James Lanigan, explained that this measure is aimed at optimizing operating costs, taking into account current market conditions and simultaneously expanding the corporate client division. Over the past year, the organization has invested heavily in business process automation, which has made it possible to revise the resource allocation model and make the organizational structure more flexible and adapted to modern business requirements.

The renewed company's strategic priority is to deepen cooperation with institutional investors and strengthen compliance and product development. Lanigan highlighted the partnership with a major bank, Discovery Bank, as a key example of the successful implementation of this strategy. This agreement allows the financial institution to offer cryptocurrency services under its own brand, while Luno takes over full technical support, including digital asset storage, transaction processing and support of the necessary infrastructure.

Additionally, the exchange is actively developing the direction of stablecoin payments in emerging markets, acting as a co-founder of the ZARU project, a digital currency pegged to the South African rand. The decision to cut staff was Luno's second major optimization wave in recent years, following the dismissal of 35 percent of employees in 2023. This step reflects an industry-wide trend towards consolidation, where companies are forced to adapt to the introduction of artificial intelligence technologies and a tough competitive environment, against which some market participants, such as BitMEX and BitMart, were forced to completely cease their activities.