Binance to purchase cryptocurrency wallet company

Jamie McKane

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Binance to purchase cryptocurrency wallet company

Binance, one of the world’s biggest cryptocurrency exchanges, is embarking on its first acquisition as it seeks to give customers more control over their digital coins.

The closely held firm bought Trust Wallet, a crypto-wallet provider and decentralized-application browser that doesn’t collect a lot of user data, Binance said in a statement, without disclosing the terms of the deal.

[Bloomberg]
 
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