Powering one of the most popular crypto wallets in the crypto space altcoinexploded in price amid a general uptrend in the markets.
Owned by the giant cryptocurrency exchange Binance, Trust Wallet is a popular platform that allows users to manage thousands of different crypto assets. The wallet can also store non-fungible tokens (NFTs) and has a built-in Web3 browser compatible with DApps (decentralized applications).
Binance recently launched the platform’s native presence. Trust Wallet Token (TWT), Announced support for cross margin trading on Tether (USDT) pair. The exchange also announced in a tweet in early March that Brian Tan, head of operations of Trust Wallet, will also attend the Binance Blockchain Week event, which will be held in Dubai from March 28-30. Tan is known to have held management positions at Binance and Uber in the past.
.@TrustWallet‘s Head of Operations, Brian Tan, will be joining us March 28-30 at #BinanceBlockchainWeek!
Don’t miss out on Brian’s panel discussion covering passive income in crypto, why it matters for users and much more.
— Binance (@binance) March 9, 2022
Trust Wallet is also exclusively available to users in El Salvador, which was the first country to recognize Bitcoin (BTC) as a legal currency last September.
Trust Wallet Token rose from $0.62 to $1.57 in less than seven days. Having gained over 153 percent, the altcoin has had a great performance recently.
After this rise, TWT, which experienced a correction, rose from $ 0.91 to $ 1.26 in the last 24 hours. At the time of writing, the cryptocurrency is at $1.07, up over 13 percent.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.