Categories: Ethereum

Binance Launches Native Trust Wallet on Binance Decentralized Exchange (DEX)

Click here to view original web page at

Binance, the world’s second largest crypto exchange by adjusted volume, has released its official Trust Wallet on its decentralized trading platform Binance DEX. The news was revealed in a press release shared with Cointelegraph on June 4.

As previously reported, Binance acquired Trust Wallet — an open source, decentralized wallet that initially offered native support for ethereum (ETH) and ETH-based tokens — in summer 2018. At the time, Binance had revealed its plans to list the wallet as the default wallet on its forthcoming decentralized exchange (DEX) — then still under development.

Since then, the exchange has also rolled out support for multiple cryptocurrencies on Trust Wallet — with plans to support tokens based on protocols using proof-of-stake (PoS) consensus algorithms in future.

According to today’s press release, the integrated Trust Wallet will help support Binance DEX users wishing to maintain custody and full control over their funds, while benefiting from fast trading services.

Aside from serving as a wallet, Trust Wallet also provides users with access to decentralized applications (DApps) that can be accessed via the wallet’s mobile or desktop version, the press release notes.

Desktop support is offered via the WalletConnect open protocol, which connects DApps to mobile wallets using end-to-end encryption and was integrated with Trust Wallet and Binance DEX this May.

According to the press release, Trust Wallet plans to launch support for layer-2 payment protocols such as Lightning Network in future, as well as support for staking services. According to a Binance announcement this April, the staking feature is scheduled to be rolled out by the end of Q2 2019.

As reported this weekend, the Binance DEX website has recently announced it will implement geo-blocking to prevent website access to users from 29 different countries as of July 1, 2019 — including the United States, Belarus, Cuba, Iran, Syria and Venezuela. Users will reportedly nonetheless still be able to avail themselves of wallets that support native blockchain Binance Chain.

Yesterday, Cointelegraph reported that Binance is ostensibly testing a British pound stablecoin on Binance Chain. Binance CEO Changpeng Zhao has commented on the rumor, confirming that a pound stablecoin is in the testing phase, with only £200 minted.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Price Forecast: BTC/USD Volume Could Indicate A Breakout

Bitcoin’s daily volume spike could create a necessary condition for a breakout. Traded price ranges continue to constrict. Bitcoin’s Bullish… Read More

4 hours ago

Billionaire Tim Draper: Bitcoin Will Hit $250,000 By 2022

Billionaire venture capitalist Tim Draper told BlockTV that in the next several years, Bitcoin could reach $250,000 per coin. "$250,000… Read More

4 hours ago

Maduro Mandates Petro-Financed Public Housing Scheme in Venezuela

Embattled Venezuelan leader Nicolas Maduro looks to expand Petro adoption through a new housing initiative. | Image: REUTERS /THIRD PARTY.… Read More

4 hours ago

Malware InnfiRAT Targets Bitcoin And Crypto Wallets

The malware named InnfiRAT could be stealing bitcoins and cryptocurrency wallet information. It is usually downloaded through email attachments and… Read More

4 hours ago

Bitcoin (BTC) Interest in China Driven by Price Action News

Share Tweet Send Share Baidu search trends in 2019 show Chinese bitcoin interest being driven largely by price action news.… Read More

4 hours ago

Crypto and the Latency Arms Race: Crypto Exchanges and the HFT Crowd

Max Boonen is founder and CEO of crypto trading firm B2C2 . This post is the second in a series… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More