Binance CEO Encouraging Users To Use The Trust Wallet For Crypto Self-custody
The native token of Trust Wallet, TWT, reached a record high when Binance CEO Changpeng Zhao urged members of the cryptocurrency community to take personal ownership of their digital assets via the app.
As investors reconsider how to protect their assets in the aftermath of the collapse of cryptocurrency exchange FTX and the following attack that stole $600 million worth of coins from its wallets, Zhao is pushing for self-custody. CZ urged the cryptocurrency community to use self-custody crypto wallets to store their cryptocurrency in a tweet.
Trust Wallet is a decentralized hot wallet, it facilitates the storage of cryptocurrency and non-fungible tokens. It functions with several blockchains. The wallet’s official token, Trust Wallet Token (TWT), enables holders to take part in choosing app features and updates.
Following this statement, TWT had a spike of more than 25% in the past 24 hours. At the time of writing, TWT is trading at $2.11.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu