According to a tweet Wednesday morning, crypto banking firm Juno has advised its customers to self-custody their digital assets or sell them for cash as it works to migrate client funds to a new custodian. According to Juno CEO and co-founder Varun Deshpande, the decision comes as Juno’s current custodian, Wyre, prepares to close its doors in the coming weeks. “We are switching custodians because we anticipate potential issues with Wyre as they scale back or wind down,” Deshpande told CoinDesk. Juno’s team has already started working with a new custodian, who has yet to be identified. According to Deshpande, the transfer of client funds from Wyre to the new custodian will be completed in the coming weeks.
