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Binance’s Trust Wallet Reaches 5 Million User Milestone

  • It’s been two years since crypto giant Binance acquired Trust Wallet. In that short space of time, the service has gained 5 million users, and it is now expanding into the burgeoning DeFi sector.
  • Trust Wallet claims that 10% of this rapidly acquired user base is now accessing a wide range of DApps and DeFi platforms.
  • The company now plans to aggressively expand into the sector as crypto investors seek liquidity farming earning opportunities.
  • To keep pace with the DeFi ecosystem, Trust Wallet has integrated token swap platforms such as Kyber as well as its own decentralized exchange, BinanceDEX. 
  • The Android version of the wallet has a built-in dapp browser which gives full access into the DeFi world and a number of popular protocols including Aave and Compound.
  • It also uses an open protocol called Wallet Connect which links DApps to mobile wallets using end-to-end encryption by scanning QR codes.
  • Trust Wallet founder Viktor Radchenko revealed that there are plans to integrate a number of DeFi protocols on both the Trust Wallet iOS and Android apps to increase liquidity.
  • Read the full story here.

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