Binance Acquires Anonymous Mobile Wallet for Ethereum Tokens

Cryptocurrency exchange Binance has acquired mobile ethereum wallet Trust Wallet, the startups announced Tuesday.

The acquisition will enable Binance to add a mobile wallet to its services, while Trust Wallet will be able to tap into advantages offered by the exchange, including both its existing user base and a proposed decentralized exchange, according to a press release.

Although Trust Wallet has been acquired, its team will continue operating autonomously, the founders said.

Compatible with ethereum-based tokens, the platform is open-source, decentralized and anonymous, and is capable of storing more than 20,000 crypto assets.

“Wallets are the most fundamental interface to the crypto economy, and a secure and easy-to-use wallet is key to proliferate the adoption of cryptocurrencies,” Binance CEO Changpeng Zhao said in a statement.

He further told CoinDesk in an email:

“We want to keep Trust Wallet as an independent brand and product. It’s still the team’s baby. We are like a godfather. In fact, we plan to move more services to Trust Wallet, such as tight integration with our decentralized exchange Binance Chain..”

Part of the decision to acquire Trust Wallet comes from the fact that the platform does not request user data or other private information. As a result, the platform “has built a strong reputation for security,” the release claims.

Trust Wallet founder Viktor Radchenko said he started the project to fill a need for an open-source ethereum wallet to form part of the infrastructure helping other developers build decentralized applications going forward.

“This is an incredible opportunity for Trust Wallet to work with the biggest and the most respected exchange in the world, but we also feel as though we are aligning with a partner that shares a similar approach towards security and user management,” he said in a statement.

Business miniature image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Author: Nikhilesh De

Source link

Related posts

5 Thoughts to “Binance Acquires Anonymous Mobile Wallet for Ethereum Tokens”

  1. Dysport是A型肉毒桿菌素,為英國一所受嚴格監管的藥廠內透過高科技純化程序提煉的蛋白質。 Dysport更獲美國食品及藥物管理局FDA核准用於美容用途,肯定其效果及安全性。其能有效阻隔神經訊息傳達,令肌肉不受神經控制,減退因肌肉而過度收縮引致的面部動態性皺紋及放鬆過度活躍的肌肉,以達到瘦面、瘦小腿效果;亦能抑制汗腺掛汗的神經系統,有效減少汗水分泌,達到止汗​​及減少異味。Dysport 瘦面 溶脂 Dysport注射到咬肌內,抑制神經肌接頭處乙酰膽鹼遞質的傳遞,使咬肌張力變小而達到瘦臉效果。

  2. Fresh 【身體保養系列】白米身體乳霜 Rice Body Cream的商品介紹 Fresh,身體保養系列,白米身體乳霜 Rice Body Cream

  3. Ralph Krueger insists Southampton will no longer be bullied in the transfer market – but the chairman was not so forthright about his manager Claude Puel’s future. Southampton chairman Ralph Krueger insists the club don’t have to cash in on their best players anymore: ‘We do not need to sell anybody’

  4. Why are Manchester United the best team in the Premier League? Some top Premier League managers and players offer their insights on what keeps them ahead of the rest. With another league title on the way to Old Trafford we ask: What is the secret of Fergie and United’s success?

  5. GARY KEOWN IN BARCELONA: UEFA general secretary Gianni Infantino offered Celtic a chink of light as they bid to burrow a future escape route out of Scottish football into the lucrative market of the English Premier League. Celtic look towards the Premier League as UEFA secretary opens floor to discussions

Leave a Comment