Crypto Bank Juno Chooses Zero Hash to Be New Custodian
The company's former custodian, Wyre, is scaling back its services.
Jan 6, 2023 at 8:49 p.m. UTCUpdated May 9, 2023 at 4:05 a.m. UTC
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Crypto bank Juno has chosen Zero Hash to serve as its new crypto custodian, the company announced in a blog post Friday.
The news follows Juno’s warning this week advising clients to self-custody or sell their own crypto amid reports of its former custodian Wyre's turmoil.
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Wyre announced it will scale back its services earlier this week. However, Wyre's leadership told employees it would liquidate and terminate its offerings in January, according to an Axios report. The potential shutdown follows staffing cuts at the company earlier this year.
Zero Hash's other custodial clients include MoonPay, Nium, Current, Moneylion and Sardine, according to the blog post.
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Elizabeth Napolitano was a news reporter at CoinDesk.