RATE Group | Binance Makes First Public Acquisition: Anonymous Wallet for Ethereum Tokens
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Binance Makes First Public Acquisition: Anonymous Wallet for Ethereum Tokens

01 Aug Binance Makes First Public Acquisition: Anonymous Wallet for Ethereum Tokens

Posted at 20:35h in Ethereum News by

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Binance, the world’s largest cryptocurrency exchange by volume, has officially made its very first public acquisition: Trust Wallet – an anonymous mobile storage solution for Ethereum-based tokens.

Trust Wallet is a decentralized and anonymous mobile wallet application. It is designate to support Ethereum as well as upwards of 20,000 different tokens on the ERC20, ERC223, and ERC721 standards.

Win-Win

Binance announced July 31 that it has completed its first public acquisition. It would essentially enable the cryptocurrency exchange to add yet another service to its lineup, providing a mobile wallet to its customers.

Trust Wallet, on the other hand, will be able to take full advantage of the massive existing user base.

Changpeng zao

Speaking on the matter, Changpeng Zhao, CEO of Binance, highlighted the importance of wallets for the entire cryptocurrency economy and reiterated the high-quality service that Trust Wallet provides:

Wallets are the most fundamental interface to the crypto…

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