Binance, the second largest crypto-exchange in terms of trading volumes worldwide, announced the launch of the Trust Wallet wallet for its decentralized Binance DEX trading platform.
Recall that Binance acquired Trust Wallet last summer. Initially, the wallet supported ETH, as well as ERC-20 standard tokens. Now Binance has a goal that makes Trust Wallet the default wallet for the decentralized Binance DEX exchange, on which developers are still working.
After acquiring Trust Wallet, Binance representatives worked on supporting a purse of even more cryptocurrencies. In the future, Trust Wallet is expected to support tokens that use the PoS (Proof-of-Stake) algorithm. In the spring, the wallet began to support Tezos cryptocurrency, in the future the company also intends to expand the capabilities of the staking function. Stacking allows product users to participate in PoS mining. Users will be able to take advantage of stacking very soon, as the company promises to complete the preparations by the end of the second quarter of 2019.
In addition, according to a Binance press release, Trust Wallet also provides users with access to decentralized applications (dApps). Access to this function is possible through the use of the desktop or mobile version of the wallet. Also in the future we should expect the integration of Trust Wallet with the Lightning Network.
