Crypto Juno is restarting services after finding a new custodian partner

Singapore-based cryptocurrency platform Juno announced that all services are “now running back up.”

It increased daily withdrawal limits at the start of the year and urged customers to move their holdings into self-custody wallets, citing problems with its former custodial partner — Wyre.

Back on track

Juno temporarily I stopped Cryptocurrency purchases on its platform in early January automatically convert stablecoins — USDC, USDT, and mUSDC — into US dollars. It also exposed problems with its former custodian – Wyre, encouraging clients to withdraw their assets or transfer them to cold wallets.

at recent days message, the platform said that the “continued support” of its new partner, Zero Hash, has brought operations back to normal. Co-founder and CEO Varun Deshpande said:

“We are excited to be able to get our crypto services back up and running in record time with Zero Hash. With Crypto 2.0, we will focus on offering better platform reliability, greater coin diversity, and better crypto prices. With the events of 2022 in mind, we are committed to building a product Safe and compliant on and off the road for long-term industry growth.”

Zero Hash CEO Edward Woodford called Juno a “bona fide” company and highlighted their joint efforts to resume services after just three weeks.

Apart from that, the company has introduced several upgrades, including no trade-in fees and improved customer experience. It has also added support for more than 35 cryptocurrencies, with a few examples being Solana (SOL), Shiba Inu (SHIB), and Dogecoin (DOGE).

The price of the JUNO native token (JUNO) did not fluctuate after the news and has remained roughly at the same level for the past 24 hours. However, it’s up nearly 30% since the issues were announced in January.

Wire also addressed the issues

Juno’s former guardian applied Restrictions imposed on users in early 2022, preventing them from withdrawing more than 90% of their holdings. Customers can withdraw a maximum of 5 BTC and 50 ETH per day.

Wyre received important financial support from a “strategic partner” a few days later and repair “Normal course of action”. She also appreciated the customers’ patience amidst the turmoil, as well as the crypto community for their “positive sentiments.”

“We will continue to operate openly and with the best interests of our customers and partners in mind. Thank you for trusting us with your business. We will continue to put our customers first as growth returns,” she said.

Post-Crypto startup Juno has restarted services after finding a new custodian partner that appeared first on CryptoPotato.

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