Luno

Luno is a cryptocurrency platform with a simple buy-and-sell flow and a separate exchange for active trading. It also offers OTC, an API and corporate infrastructure products, and the set of services depends on the client's country. The operating entity is Luno (Pty) Ltd, which states FSP 53314 and NCRCP22123 on its site.

OTC desk The Luno OTC desk gives large clients a firm, all-in quote and execution outside the public order book. Assets are BTC, ETH, USDT and USDC, and fiat currencies are ZAR and KES. The minimum ticket is USD 50,000.

Settlement Options include immediate settlement if the account is funded, T+0, T+1/T+2 or custom terms. Channels are bank transfer and M-PESA, and in Kenya M-PESA payments typically arrive within 24 hours. The desk also handles third-party ZAR collections and payouts, which is relevant for businesses that must receive or send rand through a counterparty.

Who it suits The retail product suits individuals who want a straightforward app, while the OTC desk and the corporate products are meant for companies and professional traders moving larger volumes in South Africa and Kenya. Fees on the retail platform and the availability of each service in a given country should be confirmed with the operator before onboarding.