Friday, December 1, 2023

Trust Wallet Gains Momentum Amid Uncertainty in Crypto World.

Self-custody Trust Wallet is gaining momentum amid the collapse of FTX and its contagion spreading to other crypto companies.

The company, in one week, announced the much-anticipated browser extension which is now available in Google Chrome and Opera browsers. Users can store, send and receive crypto across all EVM chains and Solana through this new extension. The extension’s network auto-detect function empowers users with a seamless dApp experience without the need to manually add networks. Moreover, the extension includes multi-wallet support, NFT support, fiat on-ramp providers, and non-EVM blockchain integrations, in addition to hardware wallet support.

It also partnered with Coinbase and Binance Pay to transfer user funds directly to the Trust Wallet account. Binance users, because of this latest collaboration, will not have to scan or input a wallet address as they now have their Trust Wallet among the direct withdrawal options. They don’t have to pay anything above the blockchain gas fees. The function is entirely supported on Trust Wallet app’s Android version. The same will work with Coinbase Pay. Bipul Sinha, Group Product Manager at Coinbase, said this will allow users to easily fund their self-custody wallet or dApps corresponds with the company’s mission to build a bridge to Web3. Changpeng Zhao, Binance CEO, had earlier endorsed Trust Wallet as a self-custody that is a fundamental human right.

Furthermore, Trust Wallet’s native token TWT surged nearly 150% in six days, with trading volume soaring from 279 million TWT to 593.25 TWT in the same period.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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