The world’s largest crypto exchange by trading volume has introduced a new self-custodial wallet that allows one-click access to the blockchain from the platform’s mobile app.
Binance says the new wallet acts as a bridge between the exchange and decentralized finance (DeFi) ecosystems and allows users to take charge of their own assets, trade tokens across various networks, earn returns, and access blockchain platforms.
Say Binance CEO Changpeng Zhao,
“Binance is now your one-stop app for all things web3. Our new Web3 Wallet allows you to connect DeFi to CeFi (centralized finance) in one click.
The Binance Web3 Wallet currently supports 36 networks, including Ethereum (ETH), Polygon (MATIC), Arbitrum (ARB), Optimism (OP), and Avalanche (AVAX).
Users also have access to eight decentralized apps (dApps), including PancakeSwap V3, Venus, ApolloX Finance, Uniswap V3, Balancer V2, Lido, Beefy and OpenSea Seaport.
The exchange say it introduces the wallet in an effort to give more people access to web3 by making the decentralized internet accessible to users.
“We recognize the challenge that web3 can provide to those unfamiliar with it, and we are proud to launch the Binance Web3 Wallet. Our wallet is built to bring the next billion people to Web3 and simplifies this potentially complex area.”
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