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
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.
