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Crypto banking company Juno has added Zero Hash as part of its new modular crypto stack, expanding its list of supported administrators.
The news comes shortly after Juno asked its customers to either self-manage or sell their crypto assets for cash in consideration of the transition to a new manager. To that end, the crypto platform temporarily blocked new purchases and increased her daily withdrawal limit for all users to five times his.
Juno’s decision comes after former custodian Wyre informed staff that it was closing the business.Wyre’s troubles are to be expected as he could be the latest victim of the FTX crash So we changed partners.
The crypto bank also employs other safeguards such as converting stablecoins into US dollars into government insurance accounts for users with up to $250,000 FDIC insured through partner banks.
“Since September 2022, we have been working to build a diversified and modular crypto stack, enabling us to provide a seamless, secure and reliable on-ramp and off-ramp for crypto. Zero hash crypto infrastructure. We are working to consolidate our structures and resume crypto purchases and deposits as soon as possible in the coming weeks,” Juno said in a statement.
Zero Hash was recently registered with the Australian Trade Reporting and Analysis Center (AUSTRAC) as a digital currency exchange provider.
Zero Hash is a subsidiary of Seed CX and is registered with FinCEN as a Money Services Business and FX Dealer. Additionally, Zero Hash is a registered money transfer agent in over 45 US states.
Zero Hash allows businesses to incorporate digital assets into their products with less technical lift and no regulatory burden. Seed CX’s crypto payment solution employs some of the biggest names in the industry, including MoonPay, Nium, Current, and Sardine, who rely on Zero Hash’s crypto infrastructure.
Zero hash payment services currently support spot payments for repos, forwards, and other product types, as well as fiat and cryptocurrencies. The product is already on institutional exchanges such as tastyworks (now owned by his IG Capital), Banxa, Wirex, MoneyLion and DraftKings, in addition to traditional brokers, single-dealer platforms and FX ECN trading cycles. Implemented.
The zero-hash lending infrastructure also enables neobanks, broker-dealers, payment groups, and non-financial consumer brands to automate collateral management and loan settlements, thereby managing counterparty risk and accepting multiple forms of collateral. It can be simplified.
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