Binance, the blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume, announced the launch of its new Web3 wallet on November 8 at the Binance Blockchain Week conference in Istanbul.
The new self-custody wallet is built within the Binance app and is designed to offer its users a way to easily and securely earn yield on their crypto, swap thousands of tokens across 30+ networks, transfer funds between the exchange and the wallet, explore a variety of decentralized applications (dApps), and more, as per the latest information shared with Finbold by the crypto exchange.
Changpeng Zhao (‘CZ’), CEO and Founder of Binance, commented on the announcement:
Web3 wallets represent more than just storing digital assets; they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance.
Three main advantages of the new Binance wallet:
The Binance Web3 wallet is aimed at removing the complexities usually asso
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