Binance to Purchase Trust Wallet

Trust Wallet allows its users to store more than 20 thousand tokens based on Ethereum
01 August 2018   785

Binance Exchange announced the purchase of Trust Wallet, which allows its users to store more than 20 thousand tokens based on Ethereum. This is reported by Crypto Bloomberg.

The users control 100 percent of their funds. Now we have both a decentralized and centralized solution for custody.
 

Zhao Changpeng

Chief Executive Officer, Binance

As reported, Trust Wallet doesn’t access user wallets or hold private keys, the codes that let investors spend their coins.

The amount of the transaction was not disclosed, but Jao said that the value of the firm was small because of the narrow customer base. He also added that Binance intends to acquire several more companies and is already negotiating with some.

Binance to Go for 8 Hour Maintenance

According to the team, site will go into maintenance on Tuesday, March 12, at 02:00 UTC and 8 hours is the estimated time, which may change in the process
11 March 2019   151

Binance informed about upcoming technical works on the platform, which are expected to last about 8 hours.

According to the new entry on the stock exchange website, the stock exchange will go into maintenance on Tuesday, March 12, at 02:00 UTC.

At this time, accepting deposits, withdrawing funds and trading will be suspended, and deposits that will not be credited to users' accounts before the start of work will be received after their completion.

Also, the exchange noted that 8 hours is the estimated time, which may change in the process.