The Singapore-based cryptocurrency platform Juno has recently announced that all services are now running again. This follows an issue with their previous custodian partner, Wyre, which resulted in the platform halting cryptocurrency purchases and auto-converting stablecoins to USD. With the help of their new partner Zero Hash, Juno was able to resume operations in record time. They have also introduced several upgrades, such as zero trading fees and improved customer experience, as well as support for over 35 digital currencies.
At the beginning of the year, Wyre had applied restrictions for users, allowing them to withdraw no more than 90% of their holdings. However, they received vital financial support from a “strategic partner” a few days later and were able to restore their “normal course of operations.”
The price of Juno’s native token (JUNO) has not fluctuated much since the news, but has still surged nearly 30% since the issues in January. Both Juno and Wyre have expressed their appreciation for the patience and support of the crypto community during this time. Juno is now focusing on offering better platform reliability, more coin diversity, and better crypto prices, while Wyre is committed to operating with transparency and putting customers first as they return to growth.
