According to an official announcement released today, Trust Wallet, Binance's official digital asset wallet, has just added trading support in multiple decentralized exchanges.
In order to make this possible, the wallet has integrated Kyber Network's liquidity protocol, which has expanded the possibilities for trading with cryptocurrencies.
However, Binance has not disclosed the exact number of decentralized exchanges (DEXs) that are now supported by its wallet.
Viktor Radchenko, founder of Trust Wallet, said:
"The multi-DEX support would give users more options to instantly trade their assets."
It looks like the wallet has the intention to add compatibility with more protocols in the future.
Binance acquired Trust Wallet in July last year in order to make it the native wallet of its decentralized exchange, Binance DEX. The wallet supports credit cards, a feature that allows its users to use their cards to directly buy cryptocurrencies with fiat money.
Last month iHodl reported that Binance DEX had decided to ban users from the U.S. and other 28 countries starting in July.
Binance's decentralized exchange was officially launched on Binance Chain back in April. Changpeng Zhao, the company's CEO, said then that the exchange's team believes decentralized exchanges "bring new hope and new possibilities, offering a trustless and transparent financial system."
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