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The Singapore-based cryptocurrency platform Juno introduced that every one companies are “now up and operating once more.”
It elevated every day withdrawal limits in the beginning of the yr and urged clients to switch their holdings into self-custody wallets, citing points with its earlier custodian companion – Wyre.
Again on Observe
Juno briefly halted cryptocurrency purchases on its platform in early January and auto-converted the stablecoins – USDC, USDT, mUSDC – to USD. It additionally disclosed issues with its earlier custodian – Wyre, encouraging shoppers to withdraw their property or switch them into chilly wallets.
In a latest announcement, the platform mentioned the “fixed help” from its new companion Zero Hash introduced operations again to regular. Co-Founder and CEO Varun Deshpande mentioned:
“We’re delighted to restart our crypto companies in report time with Zero Hash. With Crypto 2.0, we’ll concentrate on providing higher platform reliability, extra coin variety, and higher crypto costs. Given the occasions of 2022, we’re dedicated to constructing a safe and compliant on and off-ramp product for the long-term development of the trade.”
Zero Hash’s CEO – Edward Woodford – described Juno as a “well-intentioned” firm and highlighted their mutual efforts to renew companies after simply three weeks.
Aside from that, the agency launched a number of upgrades, together with zero buying and selling charges and improved buyer expertise. It additionally added help to over 35 digital currencies, with Solana (SOL), Shiba Inu (SHIB), and Dogecoin (DOGE) being some examples.
The value of Juno’s native token (JUNO) didn’t fluctuate after the information, holding roughly the identical degree from 24 hours in the past. Nonetheless, it has surged practically 30% since saying the problems in January.
Wyre Additionally Mounted the Issues
Juno’s ex-custodian companion utilized restrictions for customers in the beginning of 2022, permitting them to withdraw not more than 90% of their ownings. Purchasers may take out a most of 5 BTC and 50 ETH per day.
Wyre obtained important monetary help from a “strategic companion” a number of days later and restored its “regular course of operations.” It additionally appreciated the shoppers’ endurance amid the dysfunction, in addition to the crypto neighborhood for his or her “constructive sentiments.”
“We’ll proceed to function with transparency and with the perfect pursuits of our clients and companions at coronary heart. Thanks for trusting us with your enterprise. We are going to proceed to place our clients first as we return to development,” it said.
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