The number one crypto exchange in the world, Binance, has just announced on Tuesday its acquisition of mobile wallet solution Trust Wallet with the purpose of offering a better service and security for its users.
— Binance (@binance) July 31, 2018
Trust Wallet is a decentralized wallet service for virtual tokens that also works as a browser for its apps. Currently, Trust Wallet accepts Ethereum, and over 20,000 other Ethereum related tokens. Introduced in November 2017, Trust Wallet has already made a name for itself as a secured wallet service.
While Trust Wallet is not as globally known as Imtoken, Delta, or Blockfolio wallets, it is seen as a win for Binance.
Binance has announced that it will take advantage of the company’s user base and leverage on its upcoming decentralized exchange initiative, also known as Dexathon.