Web3 and NFTs are the goal of KuCoin’s decentralized wallet

Web3 and NFTs are the goal of KuCoin’s decentralized wallet

  • KuCoin, the world’s largest cryptocurrency exchange, today announced the launch of a new decentralized wallet as part of the transition to Web3 and decentralized applications. KuCoin Wallet, currently available through the web-based trading platform.
  • The launch of KuCoin Wallet’s official website is another testament to KuCoin’s ambition to enter the Web 3.0 area at a crucial time, our goal is to expand its company beyond the centralized trading services and into a decentralized world.
  • Self-custodial wallets were less desirable as they demanded more responsibility, but as the number of crypto frauds and hacks increased, more and more crypto members began to evaluate the benefits of wallets, especially security.

KuCoin, the world’s largest cryptocurrency exchange, today announced the launch of a new decentralized wallet as part of the transition to Web3 and decentralized applications. Cocaine, Exchange is launching a decentralized wallet in an effort to tap into the Web3 and NFT markets with cross-chain exchanging capabilities.

KuCoin has a vision for the future

KuCoin, the world’s largest cryptocurrency exchange, today announced the launch of a new decentralized wallet as part of the transition to Web3 and decentralized applications. Users can now access KuCoin Wallet, which is currently available through a web-based trading platform. The mobile-based platform is still working and will be available soon. The platform is built on top of the KuCoin ecosystem and allows cross-chain implementation.

In addition, it is a one-stop shop for buying, selling, trading and performing common wallet functions like sending various cryptocurrencies such as Bitcoin (BTC), Tether (USDT), Binans (BNB), USDC (USD) and others. Token KuCoin Wallet is a self-custodial (non-custodial) wallet that gives users complete control over their personal keys and of course their funds.

Self-custodial wallets were less desirable as they demanded more responsibility, but as the number of crypto frauds and hacks increased, more and more crypto members began to evaluate the benefits of wallets, especially security.

Just a new option for a new web

In the future, KuCoin Wallet wants to add more features, such as GameFi and NFT services. KuCoin’s MFT marketplace will be integrated with the Windvane Wallet launch. Buy, store and view NFT directly from the wallet. KuCoin’s future business plans, like those of other notable companies, prioritize DeFi, NFT and Web3. Johnny Liu, CEO of Cocaine, emphasized the goal of the exchange:

Crypto Wallet, as the entry point of the Web 3.0 network, is an essential element for users to be employed in a decentralized ecosystem, and they have evolved much more than just a place to store digital resources. The launch of KuCoin Wallet’s official website is another testament to KuCoin’s ambition to enter the Web 3.0 area at a crucial time, our goal is to expand its company beyond the centralized trading services and into a decentralized world.

Also read: Did you know that PayPal Ventures was behind the টো 200 million funding round of Aptos Labs?

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