Crypto Bank Juno Resumes Services After Pause

The firm paused services last month amid its former crypto custodian Wyre's turmoil.

AccessTimeIconFeb 7, 2023 at 3:51 a.m. UTC
Updated May 9, 2023 at 4:07 a.m. UTC

Crypto bank Juno has resumed its core crypto service offerings after pausing them early last month, it said Monday.

The service resumption comes three weeks after Juno began working with its new crypto custodian Zero Hash. Juno was forced to pause its services in early January as its former crypto custodian Wyre buckled under the weight of the market downturn.

Juno CEO and co-founder Varun Deshpande said in a press release the new partnership will offer users a more secure experience on the platform.

"Given the events of 2022, we are committed to building a secure and compliant on and off-ramp product for the long term growth of the industry,” Deshpande said.

In addition to resuming its crypto services, the bank has also debuted several new features. Those include support for more than 35 additional cryptocurrencies such as SOL, ADA, SHIB snd DOGE, and the reduction of spreads on new and existing token offerings. The platform now also offers a zero-trading-fee incentive and a rewards program for every dollar traded in nonstablecoin tokens.

Although Juno has resumed most services, the platform's team is still working to restore crypto paycheck services and layer 2 withdrawals and deposits.


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Elizabeth Napolitano

Elizabeth Napolitano is a news reporter at CoinDesk.

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