Binance Labs Heads Sender Wallet’s Seed Funding Round

Binance is a globally renowned name for being the best Crypto exchange platform. Results speak for themselves. Binance processes more than 1,400,000 transactions every second and aims to make the world financially free from all the obstacles.

The overall number of Binance users reached 16.5 million in 2019, and the number has constantly been increasing since then.

According to Binance data, active users will reach 21.5 million in 2020 and 28.6 million in 2021.

According to Binance’s data, hobbyists account for more than 48% of the platform’s users. Some 15% of platform users claim to rely on the platform as their principal source of income.

Newbie traders should research and read a full review of Binance exchange before taking a deep dive.

Binance Labs Leads The Way

Sender Wallet is a one-stop solution for those looking to easily manage their digital assets. It enables users to send and receive their digital assets. Some more features of Sender Wallet are allowing users to process instant swaps, stake their holdings, and view the NFT gallery.

It recently held a seed funding round led by Binance Labs, the investment incubator of Binance. The seed funding round also witnessed participation from Metaweb Ventures.

Sender Wallet will utilize the funds to expand the R&D department, accelerate the growth in the ecosystem, and build a community across the globe.

Browsers supported by Sender Wallet are Chrome, Kiwi, Edge, and Brave. Under the expansion and acceleration, there are speculations that Sender Wallet will further its list to offer support to more browsers.

While that remains to be seen, what has come out as a confirmed plan for the future is that Sender Wallet will look to launch a mobile version of the wallet and strengthen the security levels of its network by closely working with SlowMist.

Plans are also in line to completely integrate the NEAR ecosystem and better communicate with the community. NEAR Protocol projects have, till now, supported Sender Wallet in allowing its users to explore the world of dApp, short for Decentralized Apps.

Nicole Zhang, the Investment Director of Binance Labs, expressed that the team was truly impressed with the growth that Sender Wallet has achieved since its inception. Nicole Zhang said that Binance Labs chose Sender Walle because it came out as important infrastructure and ecological entrance to the ecosystem of NEAR.

Kenny, the Founder of Sender Labs, expressed excitement while welcoming Binance Labs as a support to its ecosystem. Kenny highlighted that the NEAR ecosystem had been growing faster, and the team was hopeful of providing users with a more secure asset management solution for a smoother experience.

Binance Labs is not just the only extended arm of Binance, and the platform has more extensions like Binance Academy, Charity, Launchpad, and Trust Wallet. The Ecosystem of Binance is pretty vast, giving the entire team sufficient experience to support other players in the industry.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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