Crypto exchange Luno exits Singapore

Luno has also withdrawn its license application with the Monetary Authority of Singapore.

Crypto exchange platform, Luno, will cease operations in Singapore on 20 June.

"This decision was made as part of a regular evaluation of our global strategy and presence," Luno said.

"We are privileged to have supported thousands of investors in Singapore on their crypto journey since 2016, and we want to thank everyone who has entrusted us with their investments," the company added.

As part of their exit, Luno has also withdrawn its license application with the Monetary Authority of Singapore.

Customers of the platform must withdraw their cryptocurrency and/or SGD from their Luno Wallet by 19 June.

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