From Oct 15 onwards, buying and selling crypto on Juno will include trading fees.
Last month we introduced our first-ever loyalty reward program — JCOIN. As of today, around 90 million JCOIN have been claimed. While designing the loyalty program, our resolve was simple — to give our users a superior experience for being our earliest supporters.
This also led us to reimagine and redesign a few existing offerings that will enhance the loyalty program for a rewarding experience. One such update is our trading fee.
So far, crypto trading has been free for users. You could buy and sell crypto of your choice at zero fees. We’ll be introducing a fee for crypto trading Oct 15 onwards on stable and non-stable coins. Stable coins (USDC, sUSDC, Polygon USDC) will be charged 0.5% trading fee and non-stable coins (BTC, ETH, AVAX,) 1%. This move helps us build a more sustainable model for our business in the long run, diversify our offerings, and boost benefits.
But here’s the best part.
For 100 JCOIN, you get a 100% discount on trading fees for stable coins and 50% on non-stable coins. With JCOIN, the possibilities are truly endless. The more you use Juno for your everyday activities, the more opportunities to earn rewards — even in a bear market. The three simplest ways are setting up a direct deposit, shopping with your Juno Debit card, and referring friends to Juno.
We always wanted to charge fees so that our business model is clear and upfront. Only a cash flow generating business can serve the community in the long term, and most importantly, can choose to be community first. It’s important for us that the community is on board with this. Hence, we did not introduce fees till we placed JCOIN as loyalty tokens in the hands of our community.
Fighting inflation is hard for individuals and businesses alike. But it’s also a bear market that brings innovation, resilience, and experimentation to try new ways around income and wealth generation. Earning and using crypto are critical financial primitives for creating and growing a circular crypto economy. The right incentives can contribute to this economy and inspire people to lead the crypto-native lifestyle they have always dreamed of.
And we at Juno are attempting to build that for you – all with a single checking account that makes your paycheck do more for you.
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Juno (CapitalJ Inc.) is a financial technology company, not a bank. Banking services provided by Evolve Bank and Trust, Members FDIC. The Juno card is issued by Evolve Bank and Trust, Member FDIC, pursuant to license by Mastercard International.
Cryptocurrencies are highly speculative in nature, involve a high degree of risk and can rapidly and significantly decrease in value. It is reasonably possible for the value of cryptocurrencies to decrease to zero or near zero. Cryptocurrency held in the Juno Crypto Account is not protected by FDIC insurance or any other government-backed or third party insurance.