Binance launches first ever self-custodial, in-app Web3 wallet

Binance launches first ever self-custodial, in-app Web3 wallet
The self-custodial wallet is designed to be user-friendly as possible, plugging the gaps between centralised and decentralised systems.

Binance, the world’s largest crypto exchange, has launched its first ever in-app Web3 wallet, the company announced today at the Binance Blockchain Week conference in Istanbul.

The wallet is self-custodial, giving users exclusive control and ownership of their assets.

“Web3 wallets represent more than just storing digital assets; they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance,” said Changpeng Zhao (‘CZ’), CEO and Founder of Binance.

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CZ said, “Much as we believe Web3 will improve the freedom of money around the world, our industry must continue to build tools that onboard and protect users while also reducing friction for them. To help drive Web3 adoption, we have to identify and plug the gaps between centralized and decentralized systems.”

“Binance’s Web3 Wallet lowers the barriers of entry for users to achieve full self-custody of their assets and it is an important, convenient bridge towards DeFi empowerment,” he added.

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“Binance’s Web3 Wallet lowers the barriers of entry for users to achieve full self-custody of their assets and it is an important, convenient bridge towards DeFi empowerment,” he added.

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