U.S. Markets closed

Binance’s Trust Wallet now allows trading on ‘multiple’ decentralized exchanges, despite their meager trading volumes

Yogita Khatri

Cryptocurrency exchange Binance’s official wallet, Trust Wallet, has added trading support for “multiple” decentralized exchanges (DEXs), according to an announcement Thursday.

The wallet has integrated liquidity protocol from decentralized exchange startup Kyber Network for the initiative, providing users more options to trade cryptocurrencies.

The statement did not provide details on how many DEXs the wallet is supporting, and Binance did not reply to The Block’s request for comment by press time. There are over 15 DEXs in the cryptocurrency market today.

The volume, however, on these exchanges is negligible – less than 1% of the total traded volume on centralized exchanges.

Join Genesis now and continue reading, Binance’s Trust Wallet now allows trading on ‘multiple’ decentralized exchanges, despite their meager trading volumes!