Juno Crypto Bank Back in Business: Resumes Services After Temporary Halt
- Brandon Davis
- February 8, 2023
- Crypto, News
- 0 Comments
Crypto bank Juno has announced the resumption of its core crypto services after a temporary pause early last month. The resumption of services comes three weeks after Juno began working with its new crypto custodian, Zero Hash. The bank was forced to halt its services in early January due to its previous crypto custodian, Wyre, struggling during a market downturn.
According to Juno’s CEO and co-founder, Varun Deshpande, the new alliance with Zero Hash will provide users with a safer experience on the platform. Deshpande stated in a press release that after the events of 2022, the company is dedicated to developing a secure and compliant product for both on and off-ramping, aimed at supporting the long-term growth of the crypto industry.
Expansion of Support for Additional Cryptocurrencies
Along with restarting its cryptocurrency services, the bank has also introduced some new enhancements. These include the ability to handle an expanded range of over 35 extra digital currencies, such as SOL, ADA, SHIB, and DOGE.
Reduction of Spreads on Token Offerings
The platform has also decreased the gap between bid and ask prices on its current and new token offerings. To further entice users, the platform now provides a trading fee waiver and a rewards scheme that rewards users for every dollar traded using non-stablecoin tokens.
Even though Juno has restarted most of its services, the company is still in the process of bringing back its crypto paycheck services, as well as the ability to make L2 withdrawals and deposits.
Growing Demand for Secure and Compliant Services
The resumption of services by Juno highlights the growing importance of secure and compliant crypto services, as the demand for such services continues to rise. It also serves as a reminder of the need for robust infrastructure in the rapidly evolving crypto industry.
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