At long last, Binance, has announced its collaboration with Trust Wallet. This announcement is to introduce the Web3 wallet during the Istanbul Binance Blockchain Week conference.
By this new launch, Changpeng Zhao, the CEO of Binance, is emphasizing the importance of bridging the gap between decentralized and centralized systems to quicken Web3 adoption.
READ ALSO:Sam Bankman Fried Found Guilty On All Charges
According to the crypto giant, Binance’s Web3 wallet reduces the barriers users face to enter the network. Also, it allows them to gain complete self-custody of their assets.
Moreover, it is a convenient and essential bridge towards DeFi empowerment.
Quick Takes
- This newly launched Web3 wallet aims to address the increasing demand for smooth, secure, user-friendly methods of exploring the Web3 world.
- With the new Web3 wallet, users can now explore the universe of Web3 and swap tokens over different networks.
- In addition, it allows private keys to be divided into critical shares and held in 3 different locations, thus minimizing risks of significant compromise.
- Furthermore, users control 2 out of the three key shares. Also, security features like malicious contract detection and wrong address protection offer security to the users at the time of transactions.
- Meanwhile, the Web3 wallet enables users to get interested in their passive cryptocurrency assets and access a host of innovative DeFi and Earn services.
- As a result, the users within the Web3 Wallet can access many different dApps, buy cryptos at competitive prices through the Swap function, and implement cross-chain transactions across various networks.
What’s Happening In Crypto Today?
At the time of this writing, the price of Bitcoin has risen to $35,419.95, with a slight increase in market cap by 2.37% and an increase in trading volume by 31.98%.
On the other hand, Ethereum is selling at $1,887.35 while recording an increase in market cap of 0.95% and a drop in trading volume by 14.29%.
- Meanwhile, the USD Coin is trading at $1.00, with a drop in market cap by 0.13% and an increase in trading volume by 3.81%.
- On the side of Solana, it is now changing hands at $43.31 while seeing a rise in market cap of 5.86% and an increase in trading volume of 50.65%.
- As for the price of Cardano at this moment, it is at $0.3571, with an increase in market cap by 3.68% and a drop in market cap by 20.90%.
- While Dogecoin is right now traded at $0.07477 while seeing an increase in market cap by 2.05% and a decline in trading volume by 36.26%.
