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Cryptocurrency platform based in Singapore juno has announced that all services are "now operational again.”
He raised daily withdrawal limits earlier this year and urged clients to move their holdings into self-sustaining portfolios, citing problems with his former custodial partner, Wyre.
Return to the right direction.
Juno temporarily halted cryptocurrency purchases on its platform in early January and auto-converted the stablecoins – USDC, USDT, mUSDC – to USD. He also uncovered issues with his former custodian – wyre, encouraging clients to remove their assets or move them to empty portfolios.
In a recent announcement, the platform said the “constant support” from its new partner Zero Hash brought operations back to normal. Cofounder and Chief Executive Officer Varun Deshpande said:
We are excited to get our crypto services back on track in record time with Zero Hash. With crypto 2.0, we will focus on better reliability of the platform, greater diversity of parts and better crypto prices. In light of what happened in 2022, we are committed to creating a safe and compliant product on the access and exit ramp for the long-term growth of the industry.”
Zero Hash CEO Edward Woodford described Juno as a "well-meaning company" and underscored their mutual efforts to get back on the job after just three weeks.
In addition, the company has put in place several improvements, including zero trading fees and an improved client experience. He also added support to more than 35 digital coins, with solana (soil), shiba inu (shib), and dogecoin (doge) being a few examples.
The price of the juno (juno) native chip did not fluctuate after the news, maintaining itself at about the same level as 24 hours ago. However, it has jumped by nearly 30 per cent since the issues were announced in January.
Wyre Also Fixed the Problems
Juno’s ex-custodian partner applied restrictions for users at the beginning of 2022, allowing them to withdraw no more than 90% of their ownings. Guests could take up to 5 btc and 50 eth a day.
Wyre received vital financial support from a “strategic partner” a few days later and restored its “normal course of operations.” He also enjoyed the patience of customers in the midst of the disorder, as well as the crypto community for their "positive feelings.”
"We will continue to work in a transparent manner and in the best interests of our clients and partners. I appreciate you trusting us. We will continue to prioritize our clients as we grow again," he said.
