“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. Users will be able to create a wallet through the Binance mobile app. However, it is not yet clear whether users will have to go through the Know Your Customer (KYC) process to create a wallet.
“Ultimately, our priority is to ensure that users can explore Web3 with us in a convenient and secure environment,” Zhao added.
Earlier, Binance said it plans to float the ORDI token with new trading pairs ORDI/BTC, ORDI/USDT and ORDI/TRY on Nov. 8. On the back of this news, the price of the crypto asset soared 48% in a day