Binance to Purchase Trust Wallet

Trust Wallet allows its users to store more than 20 thousand tokens based on Ethereum
01 August 2018   1167

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 DEX to List 5 TrustToken Stablecoins

Binance DEX listed TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, tied to appropriate fiat currencies
08 August 2019   234

Non-custodian exchange Binance DEX in the near future conducted a listing of five new stablecoin issuer TrustToken, The Block reports.

As TrustToken said, Binance DEX added TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, exchange rates related to the US dollar, Australian dollar, Canadian dollar and Hong Kong dollar, respectively.

All five assets will be released on the blockchain. Until this moment, TrustToken stablecoins were available only in the format of ERC20 tokens on the Ethereum blockchain.

Binance DEX has new opportunities for making financial contributions. TrueUSD trading on Binance DEX should start on August 8th. Listing suggestions for other TrustToken stablecoins will be issued in the coming weeks.

TrustToken plans to launch its new or two additional blockchains before the end of the year and the new TrueSGD, the rate of which will be tied to the Singapore dollar, “soon”.