Official wallet of Binance crypto exchange, Trust Wallet is introducing a new feature for its worldwide users. The wallet is launching Multi-DEX support, confirmed by Binance in a press shared with Coingape.com.
Trust Wallet To Support Multi-DEX
Trust Wallet is a decentralized mobile wallet and the official wallet of Binance cryptocurrency exchange. Besides cryptocurrencies, the trust wallet also supports dApp via its built-in dApp browser.
The wallet is already serving Binance DEX on its platform and soon to support multiple decentralized exchanges. The wallet intends to provide “native wallet experience” of various decentralized trading platforms to users across the globe. To do this, Trust wallet is integrating with Kyber Network Protocol which is an on-chain liquidity protocol. The announcement reads that integration will enable users’ to access various decentralized crypto trading platforms “right from Trust Wallet”. The release reads that;
The exchange of digital funds takes place in an order book-less interface, providing a more natural way to swap cryptocurrency tokens instantly.
Trust wallet is using Kyber Network Protocol which is an on-chain liquidity protocol and uses cross-chain interoperability to aggregate liquidity from cryptocurrency traders, holders, and blockchain ecosystem stakeholders. Concerning the new feature of “Multi-DEX support, that is scheduled to announce on July 24, Viktor Radchenkol, founder Trust Wallet states that;
“Our mission is to provide decentralized and trustless access to financial services through a simple and seamless interface. The Kyber Protocol will give all Trust Wallet users more options to instantly trade their assets and tap into a large pool of ERC20 token liquidity, Viktor explained. We are always looking ahead and will integrate more projects and protocols within our ecosystem, making crypto more accessible for our users in the process.”
The platform expects that this new feature will open up new possibilities in a decentralized crypto trading for users, allowing them to securely use the crypto holding from across various platforms.
Image source – Trust Wallet Twitter