LATEST: World’s Largest Crypto Exchange Binance Launches Web3 Wallet for Global User Base

Cryptocurrency giant Binance has launched a Web3 wallet designed for seamless interaction with the booming decentralized finance (DeFi) sector across 30 different blockchain networks. CEO Changpeng ‘CZ’ Zhao emphasized that these wallets are more than storage; they empower individuals for self-sovereign finance. Binance’s Web3 wallet will rival MetaMask and Trust Wallet, providing a hub for DeFi activities like staking and lending. Notably, Binance aims to enhance security through multi-party computation (MPC), reducing the risk of hacks while maintaining user control. The wallet can be created via Binance’s mobile app, with KYC requirements still uncertain.

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