Binance has completed their first public acquisition of Trust Wallet, a mobile wallet for cryptocurrencies. Trust Wallet is an open-sourced, decentralized anonymous mobile wallet that supports Ethereum and over 20,000 different Ethereum based tokens (ERC20, ERC223, ERC721). Binance’s goal with the acquisition of Trust Wallet is to provide a better wallet service that focuses on securing crypto funds safely for users.
— Binance (@binance) July 31, 2018
The Trust Wallet team will retain the autonomy and freedom to develop the core product while benefiting from Binance, including the broad user base and the upcoming DEX.
Trust Wallet adds on another on-chain mobile wallet to the list of Binance’s services and may possibly integrate with the exchange in the future.
The Trust Wallet app can be downloaded at trustwalletapp.com