Crypto bank Juno asked its customers to either sell or self-custody their crypto assets in the light of its migration of assets to a new custodian.Juno’s decision came as Juno’s current custodian, Wyre, prepared to close its doors in the upcoming weeks.

The crypto platform shared the update on Twitter, mentioning that it increased the daily crypto withdrawal limits by five times for all users.

Juno’s decision comes after the company’s current custodian, Wyre, prepares to close its doors in the upcoming weeks. It is changing its custodian because it anticipates problems with Wyre as it scales back or winds down its operations.

(By Suzuki Shillsalot)