FTX’s Bankruptcy Explodes Sales, Binance Invests Strategically!

FTXThe atmosphere of distrust caused by the bankruptcy of .

While some users who do not want to keep their assets on exchanges prefer decentralized and web-based wallets such as Metamask and Trust Wallet, some users turn to hardware wallets.

This increased interest Binance LabsIt also activated.

The famous exchange announced today that it has made a strategic investment in hardware wallet manufacturer Ngrave.

The amount of the investment was not disclosed.

It was stated that this investment is the first phase of a series A financing round that Ngrave will launch. Binance Labs will lead the funding round.

ngrave‘s hardware wallet will be called Zero.

The company aims to compete with major providers such as Ledger and Trezor, which are industry leaders in this field.

In a statement made by Binance Labs, drawing attention to the growth potential of the hardware wallet industry, ngrave It was stated that they were satisfied with the partnership with

Binance CEO Cz started praising the web-based wallet application Trust Wallet (TWT) after FTX’s bankruptcy and pushed its price up.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!


source site-5