Juno Rises Again: Crypto Bank Resumes Services with Zero Hash, Unveiling New Features

In the ever-turbulent world of cryptocurrency, resilience and adaptability are key to survival. Just when the crypto winter seemed to cast an unending shadow, there’s a spark of resurgence. Crypto bank Juno, a platform known for bridging the gap between traditional banking and the digital asset realm, is back in action! After a temporary pause in its primary crypto services, Juno has officially announced its comeback, reigniting hopes and offering a fresh start for its users. But what led to this pause, and what does this relaunch mean for the future of Juno and its users? Let’s dive into the details.

Why the Pause and Why Now the Comeback?

Earlier this month, Juno users experienced a disruption in services as the platform temporarily halted its primary crypto offerings. This decision was a direct consequence of the ripple effects from the broader crypto market turmoil of 2022. Juno’s previous crypto custodian, Wyre, became another casualty of the market downturn, forcing Juno to reassess its operational infrastructure and, unfortunately, temporarily suspend services.

However, setbacks often pave the way for stronger comebacks. Juno didn’t remain dormant for long. Behind the scenes, the team was diligently working to secure a robust and reliable new partner. Fast forward three weeks, and the result is here: Juno has forged a new alliance with Zero Hash, a leading cryptocurrency custodian known for its security-focused approach. This partnership marks a significant milestone, enabling Juno to confidently resume its core crypto services and embark on a new chapter.

Zero Hash: A Stepping Stone to Enhanced Security

Choosing the right custodian in the crypto space is paramount, especially after the lessons learned from the past year. Zero Hash brings to the table a reputation for prioritizing security and compliance – aspects that have become increasingly crucial for crypto platforms and users alike.

According to Juno CEO and co-founder, Varun Deshpande, this collaboration is set to provide users with a “more secure platform experience.” In a recent press statement, Deshpande emphasized Juno’s commitment to building a safe and compliant environment, stating, “In light of the events of 2022, we are dedicated to developing a secure and compliant on and off-ramp solution for the industry’s long-term growth.” This statement underscores Juno’s proactive approach to learning from past industry challenges and building a more resilient platform for the future.

What Services are Back Online?

The most exciting news for Juno users is the reinstatement of primary crypto services. This means users can once again access the core functionalities that made Juno a go-to platform for many crypto enthusiasts. While the specifics of ‘primary crypto services’ might encompass various features, it generally implies the resumption of key functionalities such as:

• Buying and Selling Cryptocurrencies: Users can once again trade cryptocurrencies within the Juno platform.
• Crypto Deposits and Withdrawals: Moving crypto assets in and out of Juno wallets is now enabled.
• Access to Crypto Balances and Portfolio Management: Users can view their crypto holdings and manage their portfolios within the Juno interface.

For users who rely on these services, the relaunch is a welcome relief and a testament to Juno’s commitment to its user base.

Beyond Restoration: Exciting New Features Unveiled!

Juno’s relaunch isn’t just about picking up where they left off; it’s about leveling up the user experience. Alongside the restoration of services, Juno has introduced a suite of exciting new features, demonstrating a commitment to growth and innovation. Let’s take a look at what’s new:

Expanded Cryptocurrency Support

Variety is the spice of life, and in the crypto world, it’s also about opportunity. Juno has significantly broadened its horizons by adding support for over 35 cryptocurrencies! This expansion includes popular and trending tokens such as:

• SOL (Solana)
• ADA (Cardano)
• SHIB (Shiba Inu)
• DOGE (Dogecoin)

The inclusion of these and other cryptocurrencies provides users with a wider range of investment options and diversifies the platform’s offerings, catering to a broader spectrum of crypto interests.

Reduced Spreads on Token Sales

For active traders and investors, spreads can significantly impact profitability. Juno is addressing this by implementing spread reductions on both new and existing token sales. Lower spreads translate to cost savings for users, making trading on the platform more efficient and attractive.

No-Trading-Fee Incentive

Trading fees can eat into profits, especially for frequent traders. Juno is now offering a “no-trading-fee incentive,” which could be a game-changer for users who actively buy and sell cryptocurrencies. The specifics of this incentive would be crucial to understand – is it a limited-time offer, tied to certain trading volumes, or a permanent feature for specific users? Regardless, it signals a user-centric approach aimed at making crypto trading more accessible and cost-effective.

Rewards Scheme for Non-Stablecoin Tokens

Earning rewards while participating in the crypto ecosystem is always a bonus. Juno’s new rewards scheme for every dollar exchanged in non-stablecoin tokens adds another layer of value for users. This could incentivize users to trade and engage with a wider range of cryptocurrencies on the platform, potentially fostering greater activity and participation within the Juno ecosystem.

What’s Still in the Works?

While the majority of Juno’s services are back online and enhanced, the team is still working diligently to restore a couple of key features:

• Crypto Paycheck Services: The ability to receive paychecks in cryptocurrency is a feature that many users find appealing. Juno is actively working to reinstate this service, which would further solidify its position as a bridge between traditional finance and the crypto world.
• L2 Withdrawals and Deposits: Support for Layer-2 (L2) withdrawals and deposits is crucial for efficient and cost-effective transactions, particularly for networks like Ethereum L2 solutions. Restoring these functionalities will enhance the platform’s usability and appeal to users who prioritize speed and lower transaction fees.

The fact that Juno is transparently communicating about these ongoing efforts demonstrates their commitment to full service restoration and continuous improvement.

The Road Ahead for Juno and its Users

Juno’s resurgence is more than just a platform relaunch; it’s a symbol of resilience in the face of crypto market volatility. By partnering with Zero Hash and introducing a range of user-centric features, Juno is signaling its commitment to providing a secure, versatile, and rewarding crypto banking experience.

Key Takeaways for Juno Users and the Crypto Community:

• Enhanced Security: The partnership with Zero Hash underscores Juno’s focus on security and user protection, a critical aspect in the current crypto landscape.
• Wider Crypto Access: Support for over 35 cryptocurrencies expands investment opportunities and caters to diverse crypto interests.
• Cost-Effective Trading: Reduced spreads and the no-trading-fee incentive make Juno a more competitive platform for crypto trading.
• Rewarding Engagement: The rewards scheme adds value to user activity within the platform.
• Continued Development: Juno is actively working on restoring crypto paycheck services and L2 support, indicating ongoing platform enhancement.

In conclusion, Juno’s comeback is a positive development for the crypto space. It demonstrates that even amidst challenges, innovation and user-focused approaches can pave the way for recovery and growth. As Juno continues to roll out its enhanced services and features, it will be exciting to watch its journey and impact on the evolving landscape of crypto banking.