Binance, the world’s largest cryptocurrency exchange, has developed a new wallet for Web3 users.
Binance is offering users’ cryptocurrencies today. that they can controlcan be used integrated into Binance’s mobile application Introduced Web3 wallet.
Binance Web3 Wallet users can use decentralized exchanges such as Binance Bridge. exchanging tokens via different blockchains they will be able to.
Binance Web3 Wallet supports 14 networks in total, including Ethereum, BNB Smart Chain, Avalanche C-Chain.
Thanks to the wallet’s integration into the Binance app “It is possible to switch seamlessly between centralized finance, decentralized finance and Web3 platforms.” specified. Binance made the following statement:
“Binance aims to break down the barriers to entry into this ecosystem by providing a simple, convenient and secure way to connect with Web3, allowing users to fully benefit from the potential of this digital space.”
With Binance’s statement, TWT, the coin of Trust Wallet, a popular Web3 wallet, began to rapidly lose value. According to CoinGecko data, TWT in the last hour lost 5% value.
Binance said in a statement in 2018 purchased Trust Wallet had announced.