Binance Trust Wallet launches multi-DEX support with Kyber Network

Cryptocurrency exchange Binance has added trading support for “multiple” decentralized exchanges (DEXs) to its official crypto wallet, Trust Wallet.

Founded in 2017, Trust Wallet is an open-source, decentralized and anonymous wallet application that supports Ethereum and more than 20,000 different Ethereum-based tokens including ERC20, ERC223, and ERC721.

As per its press release, the wallet has incorporated Kyber Network’s on-chain liquidity protocol, which utilizes cross-chain interoperability, providing more options to users to trade their cryptocurrencies and tap into a large pool of ERC20 token liquidity.

“Our mission is to provide decentralized and trustless access to financial services through a simple and seamless interface,” Viktor Radchenko, Trust Wallet Founder and CEO, said.

The latest move will see Trust Wallet users gaining more access to the wider DEX ecosystem and trading cryptocurrencies using a multi-DEX and interface without using an order book.

“We are always looking ahead and will integrate more projects and protocols within our ecosystem, making crypto more accessible for our users in the process,” he added.

Currently, there are more than 15 DEXs in the market, but Binance is yet to announce the DEXs Trust Wallet will support.

Binance acquired the secure and intuitive mobile wallet back in 2018 in a bid to improve its service and enhance safety for users. Recently, Trust Wallet added the so-called WalletConnect to link users to desktop dApps.