A hot storage project highlighted by Binance CEO CZ continues its rally. After surging 80% following recent tweets, it managed to find support near the ATH level. Now it’s back on the scene with a new Binance announcement.
Binance continues the altcoin rally pointed out by the CEO
Changpeng Zhao (CZ) recently spoke out to allay investor suspicions caused by FTX’s bankruptcy. cryptocoin.comAs you can see, according to CZ, Trust Wallet (TWT) has reached new heights. TWT token still maintains this momentum. At the time of writing, it is trading above $2, up over 2% over the last 24 hours. At this level, ATH price is only 20% below $2.71. Trust Wallet now remains on the agenda with more news from Binance…
Integration of Binance Pay and Trust Wallet
The leading exchange announced new developments between Binance Pay and Trust Wallet in a new announcement on Nov. 16. According to the announcement, Binance Pay is now fully integrated with Trust Wallet. This integration will allow users to enter the Web3 world more easily and seamlessly. Users can now transfer cryptocurrencies from Binance Fund wallets to Trust Wallet apps without withdrawal fees or the need to scan/enter a wallet address. The feature is currently supported on Android. It will be available for iOS soon.
What did CZ say?
With the clarification of FTX’s bankruptcy, all cryptocurrency investors’ perspective on centralized exchanges has changed. After that, we saw exchanges release proofs of their reserves to regain their confidence. Meanwhile, CZ emphasized the need for personal storage solutions. In some of his tweets he mentioned Trust Wallet, the hot storage method powered by Binance:
Why is Trust Wallet at the forefront?
Trust Wallet is a non-custodial cryptocurrency wallet. Thanks to its ease of use, it is one of the most convenient saving methods for new users. It currently supports a large number of cryptocurrencies including Bitcoin, Ethereum, BNB, Litecoin and XRP. It was also in high demand, especially from the gaming world as it offers a storage space in NFTs.
By the way, Binance bought Trust Wallet two years ago. The exchange managed to reach 5 million users in a short period of time. Trust Wallet stands out especially when FTX went bust. The main reason for the recent rally was CZ’s comments on Twitter. The storage method is built into both BinanceDEX and token exchange platforms like Kyber.
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