In this article, you will learn who owns Trust Wallet. Trust Wallet is one of the most widely used software wallets, thanks to its simple UI and support for multiple blockchain networks and digital assets. From a single interface, users can trade or store cryptocurrencies, interact with decentralized applications and NFT marketplaces for addition earnings. These features make Trust Wallet a one-stop solution for all crypto-related needs. Besides, the wallet is non-custodial, thereby preserving the privacy and anonymity of its users.
Who Owns Trust Wallet?
Binance owns Trust Wallet. Binance has completed the acquisition of Trust Wallet, a secure and intuitive mobile wallet. Through this acquisition, Binance aims to provide a better service and to enhance the safety for its users.
Trust Wallet is a secure, open source, decentralized and anonymous Ethereum 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 2. for security and has held itself to the guiding principles that it will never access user wallets, hold private keys, and ask for personal information.
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.
As a technology driven company, Binance's acquisition of Trust Wallet shows the importance of secure wallet technology for the future development of cryptocurrency as a whole.
Who is the Founder of Trust Wallet?
Viktor Radchenko is the founder and CEO of Trust Wallet, a popular multi-coin cryptocurrency wallet acquired by Binance in July of 2018.
Originally from Ukraine, Viktor moved to the US in 2011 to pursue his American dream to change the world for the better.
Radchenko was an early employee in the secure, cloud-based, communication platform Symphony. Previously, he co-founded a startup in the logistics space, Trucker Path, which provided navigational assistance and freight matching.
Trust Wallet founder Viktor Radchenko is stepping down as CEO of the mobile cryptocurrency wallet company to focus on his family. He will be replaced by Eowyn Chen, the current vice president of marketing at digital asset exchange Binance.
Radchenko has been serving as chief executive since 2017 when he founded the decentralized crypto wallet firm. The Ukrainian later sold the company to Changpeng Zhao's Binance.
Bottom Line
However, the fees for in-app purchases can confuse new users as the wallet includes multiple third-party exchanges. Each of these providers charge different amounts for buying cryptocurrencies. Users should research and find the exact fee before making a purchase. This article is about who owns Trust Wallet.
