Tron (TRX) Added to Binance-Owned Trust Wallet
The Trust Wallet, a mobile cryptocurrency wallet that supports Ethereum’s ether along with various types of tokens and crypto collectibles, has recently added support for TRON’s TRX token.
The move, according to a Medium post, means the cryptocurrency wallet and decentralized application (DApp) browser now supports Ethereum (ETH), GoChain (GO), TRON (TRX), VeChain (VET), Wanchain (WAN), Ethereum Classic (ETC), and the POA Network (POA).
TRON Foundation✔@Tronfoundation
Thank you @TrustWalletApp for adding support for $TRX on the platform! Both iOS and Android versions are available for download. #TRX https://medium.com/@trustwallet/trust-wallet-adds-support-for-tron-blockchain-bf2a9d3c341d …
By the end of the year, Trust Wallet is also set to add support for cryptocurrencies like bitcoin, bitcoin cash, and litecoin. The development comes shortly after Binance, the TRON Foundation, and several other cryptoasset projects launched a portal for charitable donations, the Blockchain Charity Foundation (BCF).
The Trust Wallet has earlier this year added VeChain staking support to its platform, which means VET holders are able to earn VTHO directly from their wallets. The VTHO token is also distributed to VET holders on Binance once per month.
As CryptoGlobe covered, Binance acquired the Trust Wallet back in July, in its first-ever acquisition. The wallet supports over 20,000 Ethereum-based tokens, and its features include locally storing users’ private keys, functioning as a Web 3.0 browser, and having its source code audited by experts.
At the time Binance’s CEO Changpeng Zhao noted users control 100% of their funds. He added:
Now we have both a decentralized and centralized solution for custody.
According to the cryptocurrency exchange the Trust Wallet built a “reputation for security and has held itself to the guiding principles that it will never access user wallets., hold private keys, and ask for personal information.” The acquisition saw the Trust Wallet’s team “retain the autonomy and freedom to develop the core product while benefiting from the increased synergy from Binance, include the broad user base and the upcoming DEX.”
Binance has been working on a decentralized cryptocurrency exchange (DEX) that’s set to enter a public beta phase by the first quarter of next year. Binance’s native BNB token is set to be used as the game behind the trading platform.
Notably, cryptocurrency acquisitions surged over 200% this year, despite the ongoing bear market. This, according to a report compiled by JMP Securities, that used data from analytics service PitchBook.
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