The growing number of wallets supporting Binance DEX indicates increasing interest
Trust Wallet has announced that it is integrating Binance DEX for decentralized trading. The news as the interest in trading without depositing funds to an exchange continues to grow. With a growing number of companies focused on revamping trading of cryptocurrencies, the effort of the global exchange founded by Changpeng Zhao is paying off ahead of most of its competitors.
After Binance geoblocked traders from the US, an outcry on the part of the community was played down by the CEO of Binance. Looking to clarify the actions of the company to block access to binance.org, he explained that crypto enthusiasts could use a multitude of wallets that already support Binance DEX.
“The geoblock is not for Binance DEX, which is maintained by a number of nodes operated by independent parties. The geoblock is only for one website (www.binance.org), operated by one of our affiliates. Whether a centralized party decides to geoblock a region depends on their compliance policies I guess,” says Zhao.
The geolocation block is really effective for users new to surfing the internet by an anonymously way, a simple VPN can actually be the solution to access Binance DEX. In addition, support for nine wallets is enabling traders to forego the need to visit the website.
Commenting on the addition of Trust Wallet to the multitude of supported wallets, the Founder of the company, Viktor Radchenko said: “One of the essential needs for a working crypto economy is to have the ability to swap or exchange your digital assets. This, and the ability to always stay in control of your own Money. Binance Chain and Binance DEX fulfill both these needs.”
Trust Wallet is the official wallet of Binance, which is decentralized and enables users to exchange cryptocurrencies in a seamless manner while maintaining custody of their funds. Despite recent worries by the community about the geolocation limits, global clients of the Binance DEX exchange can trade using their cryptocurrency freely using the Binance chain.