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Binance Rolls Out Its First Ever Self-Custody Web3 Wallet

Cryptocurrency exchange Binance has released a Web3 wallet that can be used to interact with the decentralized finance (DeFi) ecosystem. The new product, which will work across 30 blockchain networks, was announced at the Binance Blockchain Week conference in Istanbul. "Web3 wallets represent more than just storing digital assets; they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance," Binance CEO Changpeng 'CZ' Zhao said. Binance's Web3 wallet will compete with the likes of MetaMask and Trust Wallet, the latter of which was acquired by Binance in 2018. Other competing centralized exchanges, such as Coinbase and OKX, also have Web3 wallets.

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