A fast-growing crypto exchange, KuCoin has launched a new decentralized wallet initiative. According to KuCoin CEO Jonny Lyu, the wallet contains Cross-blockchain trading, Defi and NFT options.
Furthermore, the new wallet is easily available to retailers via search engines, and the team is still working on a version of the app. The move comes from the trading platform’s desire to get more involved in Web 3.0. With the new KuCoin decentralized wallet, traders can explore trading options within various tokens such as Bitcoin, Ethereum and Tether.
Characteristics of KuCoin decentralized wallet
In addition, as a self-protecting wallet, retailers are empowered to gain complete control over the security of their wallets. Recent developments add KuCoin to the cryptocurrency league with decentralized wallets. I like leading stock exchanges like Coinbase and Robinhood agreed with the idea of a decentralized wallet.
Also, KuCoin NFT marketplace Windvane allows users to sell, buy and view their collection in the wallet. This supports a wallet path map to include GameFi service, NFT and DeFi in its platform. As expected, the development is in line with the growing acceptance of DeFi and NFT options within trading platforms. KuCoin’s decentralized wallet allows users to create Web 3.0 accounts.
Meanwhile, KuCoin CEO Johnny Lyu emphasizes the importance of crypto wallets as entrances to Web 3.0. He describes the development as KuCoin’s effort to embark on Web 3.0 with a mission to expand beyond trade and finance.
Also, the head of KuCoin wallets, Jeff Haul, revealed that the company is committed to offering the best options to retailers. He revealed that the KuCoin Decentralized wallet app will fly this month, while beta testing is underway.
Trading Platform Efforts Towards Web 3.0
Openly, the trading platform emphasized its commitment to pushing Web 3.0 and NFT into the next verse. Last April, through Windwain, KuCoin launched the Creator Fund with nearly $ 100 million to attract NFT initiatives. Through the Creators Fund, new NFT projects are encouraged to start their project on KuCoin.
Another significant effort of the team towards this course is the round of funding earlier this year. KuCoin has invested $ 150 million to build Web 3.0, DeFi and NFT services in its space. Finally, the KuCoin decentralized wallet event is the result of a round of funding.