Cryptocurrency company Juno finds new custodian partner and resumes services

Singapore-based cryptocurrency platform Juno has announced that all its services are now “resuming operation.”

Earlier this year, the company increased its daily withdrawal limits and encouraged customers to move their holdings to self-custody wallets, citing issues with former custodian partner Wyre.

get back on track

Temporary Juno stopped We purchased cryptocurrencies on the platform in early January and automatically converted USDC, USDT and mUSDC stablecoins to USD. It also clarified issues with former custodian Wire, prompting clients to withdraw their assets or move them to cold wallets.

recently announcement, the platform said operations were back to normal thanks to “constant support” from its new partner, Zerohash. Co-Founder and CEO Varun Deshpande said:

“With Zero Hash, we are delighted to be able to resume cryptocurrency services in record time. With the events of 2022 in mind, we are committed to building safe and compliant on-ramp and off-ramp products for the long-term growth of our industry.”

Zero Hash CEO Edward Woodford described Juno as a “well-meaning” company, highlighting their joint efforts to resume service in just three weeks.

Apart from that, the company has introduced several upgrades such as zero transaction fees and improved customer experience. It also supports over 35 digital currencies, including Solana (SOL), Shiba Inu (SHIB) and Dogecoin (DOGE). was also added.

The price of Juno’s native token (JUNO) remained unchanged after this news, remaining at roughly the same level as it was 24 hours ago. Still, it has surged nearly 30% since announcing the issue in January.

wire also fixed the problem

Juno’s former custodian partner Application Beginning in 2022, users will be restricted from withdrawing more than 90% of their holdings. Clients can withdraw up to 5 BTC and 50 ETH per day.

A few days later, Wire received significant financial support from a “strategic partner” Restored Its “normal course of operation”. We also thank our clients for their patience during the chaos and the “positive sentiment” of the crypto community.

“We will continue to operate with transparency and the best interests of our customers and partners in mind. Thank you for trusting us with your business. will be considered first,” he said.