❇️ BNB grows as Binance acquired Trust Wallet
📈Binance Coin(BNB) grew more than 7% in value yesterday from $13.04 to $14 and back to $13.45 now . The decline has reversed and BNB continues to climb and overwhelmed the rest market decline.
🔊 Binance has made its first public acquisition yesterday, having bought Trust Wallet. U.S.-based Trust Wallet is an open source, anonymous, and decentralized wallet that supports Ethereum and over 20,000 different Ethereum-based tokens (ERC20, ERC223, and ERC721).
👉 According to CZ (Changpeng Zhao, CEO of Binance), this is a secure, easy to use, on-chain mobile wallet with full support and this acquisition will be a very key component to continuing to grow and contributing to this industry. The founder of Trust Wallet, Viktor Radchenko said that the acquisition as an opportunity to focus again on the development of the application and the technology. Trust Wallet will remain autonomous in most of its operations, while Binance will help with administration and work on marketing development.
👉 This change within Binance will l probably increase the portfolio profile (diversification) of the wallet and add a little more confidence among those who find mobile wallets too risky. Of course, the risk will only decrease if Binance adds some legitimacy, or at least security to the company.