A hot storage project highlighted by Binance CEO CZ continues its rally. After rising 80% following recent tweets, it managed to find support near the ATH level. Now it’s back on the scene with a new Binance announcement.
Binance continues altcoin rally pointed out by CEO
Changpeng Zhao (CZ) recently spoke out to dispel investor distrust caused by FTX’s bankruptcy. cryptocoin.comAs you follow, Trust Wallet (TWT) has reached new heights after CZ’s statements. TWT token still maintains this momentum. At the time of writing, it is trading above $2, up over 2% from the last 24 hours. At this level, ATH price is just 20% below $2.71. Trust Wallet now remains on the agenda with additional news from Binance…
Binance Pay and Trust Wallet integration
The leading exchange announced new developments between Binance Pay and Trust Wallet in a new announcement on November 16. According to the announcement, Binance Pay is now fully integrated with Trust Wallet. This integration will allow users to enter the Web3 world more easily and seamlessly. Users can now transfer cryptocurrencies from Binance Fund Wallets to Trust Wallet apps with no withdrawal fees or the need to scan/enter a wallet address. The function is currently supported on Android. It will be available on iOS soon.
What did CZ say?
With the clarification of FTX’s bankruptcy, the perspective of all cryptocurrency investors on centralized exchanges has changed. After that, we saw the exchanges publish proofs of their reserves to regain their trust. Meanwhile, CZ stressed the need for personal storage solutions. In some of his tweets, he featured Trust Wallet, the Binance-backed hot storage method:
Why is Trust Wallet at the forefront?
Trust Wallet is a non-custodial cryptocurrency wallet. Thanks to its easy use, it is one of the most convenient storage methods for new users. It currently supports a large number of cryptocurrencies, including Bitcoin, Ethereum, BNB, Litecoin and XRP. It was also in high demand, especially from the gaming world, as it offers a storage space inside NFTs.
By the way, Binance bought Trust Wallet two years ago. The exchange managed to reach 5 million users in a short time. Trust Wallet stands out especially with the bankruptcy of FTX. The main reason for the recent rally was CZ’s statements on Twitter. The storage method is integrated into BinanceDEX as well as token exchange platforms like Kyber.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.