On July 31, a cryptocurrency exchange Binance announced it had completed the acquisition of Trust Wallet.
Trust Wallet is a secure, open source, decentralized and anonymous mobile wallet application that supports Ethereum and over 20,000 different Ethereum based tokens (ERC20, ERC223 and ERC721), seeing significant user adoption since its launch in November 2017.
The acquisition of Trust Wallet will add an on-chain mobile wallet to the list of Binance services with other future integration possibilities. The Trust Wallet brand and team will retain the autonomy and freedom to develop the core product while benefiting from the increased synergy from Binance, including the broad user base and the upcoming DEX.
