The official wallet of the Binance Trust Wallet cryptocurrency exchange announced the addition of support for third-party decentralized platforms.
Trust Wallet has integrated the liquidity protocol developed by the Kyber Network startup, due to which users will be able to trade not only on the decentralized Binance site, but also on third-party exchanges. It does not say exactly how many sites now supports the wallet.
In total, there are about 15 decentralized exchanges on the market, the volume of trading in which is not too large – less than 1% of the trading volume on conventional exchanges. At the same time, over the last month the trading volume on Binance DEX was only 0.2% of the trading volume on the main platform.
“Support for several decentralized sites will allow users to instantly exchange their assets and gain access to the high liquidity of ERC-20 tokens,” said Victor Radchenko, founder of Trust Wallet.
It is reported that Trust Wallet plans to add support for new protocols in the future, which will further increase liquidity.
Recall that Binance acquired Trust Wallet, the developer of solutions for storing cryptocurrencies and browser decentralized applications, in August last year.
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