Cryptocurrency bank Juno announced the resumption of work thanks to a new partnership with the custodial service Zero Hash, as well as the expansion of its services.
Juno went on hiatus in January after custodial platform Wyre announced it would cease operations. User funds were transferred to the Zero Hash custodial service platform.
As Juno CEO and co-founder Varun Deshpande emphasized, the new partnership will make the user experience on the platform more secure.
“Given the events of 2022, we are committed to creating a safe product for the long-term development of the industry. In addition, it must comply with the requirements of regulators,” said Deshpande.
In addition to resuming work with cryptocurrencies, Juno has expanded its services. Support for over 35 digital assets has been added, including DOGE, SHIB, SOL and ADA. In addition, Juno has reduced spreads for all trading pairs. Also introduced is a trading fee refund program and incentives for trading non-stablecoin tokens and cryptocurrencies.
At the moment, the Juno team is working on restoring the salary service in cryptocurrency, as well as depositing and withdrawing funds for second-tier solutions.
Note that the Wyre platform later announced that it had received additional funding, which allowed it to cancel the decision to stop working.
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.