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Binance Trust Wallet Hits Record 5M Users

Binance acquired Trust Wallet two years ago today. The service has managed to amount 5 million users, and it is now expanding into the burgeoning DeFi sector.

It plans to aggressively expand into the sector as crypto investors seek liquidity farming earning opportunities.

Trust Wallet has integrated token swap platforms such as Kyber as well as its own decentralized exchange, BinanceDEX.

The Android version of the wallet has a built-in dapp browser which gives full access into the DeFi world and a number of popular protocols including Aave

DeFi is definitely booming right now. You can see good progress in the development of the new protocols that give more access for developers to build more financial applications on top of it. This also is a good time for decentralized protocols to build a governance process for building community-driven protocols.”

With regards to increasing the user base, he added that “keeping it simple” is the key.

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