Cryptocurrency exchange Binance announced the launch of its own Web3 wallet at the Binance Blockchain Week conference in Istanbul.
“Web3 wallets are more than just storing digital assets – they are an integral part of the Web3 infrastructure, giving people the ability to self-fund,” said Binance CEO Changpeng Zhao.
The new product will work across 30 blockchain networks. However, it is not yet clear whether users will have to go through the Know Your Customer (KYC) process to create a wallet.
According to the terms of use, users need a link to an existing account on the exchange to create a wallet