Binance Unveils Web3 Wallet to Promote “Self Sovereign Finance” Digital asset exchange
Binance has rolled out a web3 wallet to offer a simplified gateway to self-custody for its users.
The company announced the wallet’s launch at the Binance Blockchain Week Conference in Istanbul highlighting that it can be integrated across
30 blockchain networks and can connect users to several decentralized applications (dApps). Speaking at the conference,
Binance CEO Changpeng Zhao noted the need to give users the ability to explore multiple forms of storing digital assets.
“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.”
The new web3 wallet will be available to all users on the Binance App and will compete with MetaMask and Trust Wallet. Trust Wallet is currently owned by the exchange so it is unclear the roles both wallets
will play but according to reports, the new wallet will be easily accessible through the exchange.
