The world’s largest cryptocurrency exchange – Binance – announced the launch of its Web3 wallet to allow millions of users to “explore and experience” the sector “without the risk of losing seed phrases or struggling with complicated onboarding processes.”
The product is a self-custody wallet built within the platform’s application.
“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 of Binance.
“We want our users to be assured that they are interacting with Web3 within a secure and protected ecosystem. That is why we have incorporated MPC technology as well as Binance’s trusted security infrastructure within the Web3 Wallet,” he added.