Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is in the midst of a major expansion. The Malta-based company announced today that it has acquired Trust Wallet, a popular mobile wallet app with support for Ethereum and over 20,000 different tokens.
This is just the latest in a string of acquisitions and partnerships that Binance has made over the past year as it looks to solidify its position as the leading cryptocurrency exchange.
The acquisition of Trust Wallet is a natural fit for Binance, which already has its own native token (BNB) built on the Ethereum blockchain. With Trust Wallet added to its arsenal, Binance now has a mobile wallet that can directly compete with the likes of Coinbase Wallet and MetaMask.
NOTE: WARNING: There have been reports of unauthorized access and manipulation of data on the popular cryptocurrency exchange platform Binance. Users should be aware that hackers and other malicious actors may be trying to access or manipulate their data or accounts. It is highly recommended that users take extra caution when accessing their Binance accounts and use additional security measures, such as two-factor authentication, to protect their information.
In addition to the acquisition, Binance also announced that it is launching a new decentralized exchange (DEX) built on top of the Trust Wallet. The DEX will allow users to trade directly from their wallets without having to deposit their funds on an exchange.
This is a major development for Binance, which has been working on its own DEX for some time now. The launch of the Trust Wallet DEX will allow Binance to get a head start in the race to launch a fully decentralized exchange.
Binance is clearly on a mission to expand its reach and cement its position as the leading cryptocurrency exchange. With its latest acquisition and partnership, it is well on its way to achieving those goals.
4 Related Question Answers Found
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. Binance was founded in 2017 and is headquartered in Malta. Binance has grown rapidly since its launch and is now one of the largest cryptocurrency exchanges in the world.
Busd is a stablecoin that is pegged to the US Dollar. It is an ERC20 token that is issued by the Binance Chain. The aim of Busd is to provide a stable and decentralized currency that can be used to trade on the Binance Chain.
Binance is a digital asset exchange that facilitates trading of cryptocurrencies. The name “Binance” is a combination of two words – binary and finance. The company behind Binance is Binance Ltd.
Binance, the world’s largest cryptocurrency exchange by trading volume, is being investigated by Japanese authorities. The Tokyo Metropolitan Police Department (MPD) has reportedly been investigating the platform since March 2018, for possible violations of the country’s Banking Act. The MPD is said to be looking into whether Binance violated the act by operating without a proper license.
