US-based crypto bank Juno has resumed its core crypto service offerings after pausing them early last month
US-based crypto bank Juno recently announced the reopening of its core crypto service offerings on Monday, three weeks after it began working with its new crypto custodian, Zero Hash. This comes as a result of the struggles of its former custodian, Wyre, during the market downturn in January.
Juno CEO and co-founder Varun Deshpande highlighted the importance of security on the platform, saying, “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.”
In addition to resuming its crypto services, Juno has also debuted several new features. These include support for more than 35 additional cryptocurrencies such as SOL, ADA, SHIB, and DOGE, as well as a reduction in spreads on existing and new token offerings. To further incentivize users, the platform also offers a zero-trading-fee incentive and a rewards program for every dollar traded in non-stablecoin tokens.
Although most services have been resumed, the Juno team is still working on restoring crypto paycheck services and L2 withdrawals and deposits.
In October 2022, Juno raised $18 million of funding, which was led by the Growth Fund of the crypto-native investment firm ParaFi Capital. Hashed, Jump Crypto, Uncorrelated Fund, Greycroft, Mithril, Antler Global, 6th Man Ventures, and Abstract Ventures also participated in the round.
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