Juno does not function as a bank or a depository institution insured by the FDIC. Therefore, it does not have the capacity to provide FDIC insurance on its own.
The Cash Account was previously facilitated through Juno’s partner bank, Evolve Bank & Trust, Member FDIC, which provided FDIC insurance coverage for USD deposits of up to $250,000. Additional information regarding FDIC insurance was available at:
Only USD previously held in the Cash Account through Juno’s partner bank, Evolve Bank & Trust, Member FDIC, was eligible for FDIC insurance coverage of up to $250,000. Digital assets held in Juno accounts were not covered by FDIC insurance or any other form of government-backed or third-party insurance.