Cryptocurrency Exchange

Trust Wallet by Binance Now Supports Both KyberSwap DEX and Binance DEX

Trust Wallet, the official non-custodial wallet of Binance, has now added support for KyberSwap Decentralized Exchange. In the previous month, the wallet had extended complete support to the Binance DEX, facilitating almost instant transactions.

KyberSwap is an ERC-20 token swap service which is thoroughly decentralized and powered by Kyber Network protocol. The integration with Kyber Network will enable Trust Wallet users to access many decentralized exchanges easily. The on-chain liquidity protocol of Kyber makes it possible to perform decentralized token swaps everywhere.

At present, Kyber supports only Ethereum tokens. To be more specific, KyberSwap is presently supporting more than 70 ERC-20 tokens, including WBTC, DAI, MKR, LINK, BAT, and USDC.

The Founder-CEO of Trust Wallet, Viktor Radchenko, stated that the Kyber Protocol would provide all the users of the Wallet with more options for instantly trading their assets. It will also allow them to explore a pool of ERC-20 token liquidity. Continuing further, he said that they would keep moving forward and integrating more protocols and projects within their ecosystem as they intend to make cryptocurrency more accessible for all their users. Radchenko also added that their mission is to offer trustless and decentralized access to financial service offerings via a seamless and simple interface.

The official announcement by Trust Wallet also revealed that the team would keep including more protocols “to help realize more liquidity” and to become a true multi-DEX in future.

The Trust Wallet, introduced back in 2017, was initially an open-source non-custodial digital currency wallet application which provided support for Ethereum as well as Ethereum-backed tokens such as (ERC223, ERC721, and ERC20). Later on, the wallet was acquired by Binance in July 2018 after which it began supporting multiple coins. Gradually, the wallet has become a multi-digital currency wallet.

At present, it offers its support to as many as 35 blockchains that includes Bitcoin Cash (BCH), Bitcoin (BTC), XRP, Ethereum (ETH), Litecoin (LTC), Stellar (XLM), TRON (TRX), Ethereum Classic (ETC), Dash (DASH), Wanchain (WAN), EOS, ICON (ICX), Kin (KIN), Aion (AION), Nimiq (NIM), Dogecoin (DOGE), Tezos (XTZ), Cosmos (ATOM), Binance Chain (BNB), Zilliqa (ZIL) and Qtum (QTUM). In addition to that, it supports more than 20,000 Ethereum tokens, for instance, Augur or Basic Attention Token, that are compatible with ERC20, ERC223, and ERC721.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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