Binance Launches New Web3 Wallet to Compete with MetaMask and Trust Wallet
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Binance launches new Web3 self-custody wallet that works across 30 blockchains, competing with MetaMask and Trust Wallet.
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New wallet uses Trust Wallet's Wallet as a Service (WaaS) technology to shorten development time for Web3 wallets.
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Wallet created through Binance app; unclear if KYC needed. Allows DeFi activities like staking, lending, borrowing.
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Aims to improve security with multi-party computation that splits private key into shares.
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CZ says priority is enabling users to explore Web3 within protected environment.