01
8.5 / 10
The all-in-one account — banking, crypto, investing
MiCA Compliant UK Banking LicenceEU Banking LicenceFCA Regulated€100K DGS Protected
● JUNO CLOSED · SEPTEMBER 2025 5 US ALTERNATIVES
After Juno. Where to go now.
Juno wound down its consumer crypto banking services in September 2025. These are the best replacements — ranked by safety, FDIC coverage, and US availability.
§ 01 WHY JUNO CLOSED
Why Juno Closed
Juno (originally OnJuno) launched in 2020 as a US-based hybrid crypto bank, combining an FDIC-insured USD checking account with crypto auto-conversion and direct deposit in Bitcoin. At its peak it served hundreds of thousands of US customers and was widely cited as the "easiest" on-ramp for paycheck-to-crypto conversion.
The 2022 crypto collapses (Celsius, BlockFi, Voyager, FTX) triggered a sustained tightening of US state money-transmitter enforcement, and Juno's founding company shifted strategic focus toward enterprise infrastructure. In August 2025 the company announced a 30-day wind-down of consumer crypto banking services, citing regulatory cost and the absence of a clear federal banking charter pathway. The retail product closed in September 2025.
Customers were given advance notice and processed withdrawals in an orderly fashion — this is the most important distinction between Juno's closure and the 2022 platform failures. No customer funds were lost. Still, the closure underscored why diversification across regulated platforms matters: even a well-run crypto bank can exit the market on management's decision.
§ 02 DIRECT REPLACEMENTS
The Best Direct Replacements
For the closest functional replacement to Juno's hybrid USD-plus-crypto product, US users have two main options in 2026: Kraken Bank (Wyoming SPDI charter, FDIC-insured USD, integrated crypto trading) and Fold (Nasdaq-listed, FDIC-insured cash sweep, Bitcoin cashback debit card). Both serve US customers nationally subject to state-by-state availability.
For users primarily interested in earning yield on Bitcoin or stablecoins, Ledn is the best fit — it serves US customers, publishes monthly Proof of Reserves via Chainalysis, and operated through the 2022 collapses without freezing withdrawals. For non-US users, the strongest replacements are Revolut (full EU banking licence) and Nexo (highest yield rates in Europe).
For the structural deep-dive on why Juno's "FDIC-adjacent" model differs from a real banking charter, see our Juno post-mortem.
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§ 03 US-FRIENDLY
US-Friendly Alternatives Ranked
02
7.4 / 10
First major US crypto bank — FDIC-insured, exchange-backed
FDIC Insured FDIC InsuredNY BitLicence
03
7.0 / 10
The beginner-friendly US crypto account — NASDAQ-listed and FDIC-insured fiat
FDIC Insured NASDAQ ListedSEC RegisteredFDIC Insured (USD)FCA Registered (UK)
04
6.7 / 10
Biggest card rewards — but buyer beware
FCA RegisteredMAS Licensed
05
5.2 / 10
Stack sats on every purchase — FDIC-insured, Nasdaq-listed
FDIC Insured FDIC InsuredNasdaq Listed
§ 05 FAQ
Frequently Asked Questions
Why did Juno close? +
Juno announced in August 2025 that it would wind down its consumer crypto banking services by September 2025. The company cited a combination of US regulatory uncertainty, the cost of compliance under evolving state money-transmitter rules, and a strategic pivot away from retail crypto banking. Customers were given approximately 30 days to withdraw funds and migrate.
Where should I move my funds after Juno? +
For US users, the best direct replacements are Kraken Bank (Wyoming SPDI charter, FDIC-insured USD) and Fold (Nasdaq-listed, FDIC-insured Bitcoin rewards card). For users seeking yield, Ledn serves US customers with Bitcoin savings accounts and monthly Proof of Reserves. For non-US users, Revolut and Nexo are the strongest alternatives in Europe.
Is my money safe at Juno alternatives? +
The platforms listed here have been operating through the 2022 collapses (FTX, Celsius, BlockFi, Voyager) without losing customer funds. Look for: regulatory licences (banking charter > money transmitter), FDIC insurance on USD, Proof of Reserves attestations, and a public operating history of 4+ years. All four conditions matter.
Did Juno customers lose money? +
No. Unlike the 2022 platform collapses, Juno gave customers advance notice and processed withdrawals in an orderly wind-down. Customers who acted before the September 2025 deadline received their funds in full. The closure is, however, a reminder that even well-run crypto banks can exit the market — diversification across platforms is prudent.
What features did Juno offer that I should look for in an alternative? +
Juno was known for its hybrid US bank account (FDIC-insured USD) combined with crypto auto-conversion and direct deposit in crypto. The closest functional replacement is Kraken Bank, which offers FDIC USD plus crypto trading under one roof. For Bitcoin-only users with a similar cashback angle, Fold is the best fit.