Web3 And NFTs Are The Goals Of KuCoin's Decentralized Wallet

KuCoin, the world’s largest cryptocurrency exchange, today announced the launch of a new decentralized wallet as part of its transition to Web3 and decentralized applications. The KuCoin Wallet, which is currently available via the web-based trading platform.

The launch of KuCoin Wallet’s official website is another evidence of KuCoin’s ambition to enter the Web 3.0 area at a vital time, with our goals extending beyond centralized trading services and into the decentralized world to expand its company.

Self-custodial wallets used to be less desirable since they demanded a lot of responsibility, but as the number of crypto frauds and hacks has increased, more crypto members are beginning to evaluate the wallet’s benefits, particularly the value of security.

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

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 its transition to Web3 and decentralized applications. The KuCoin Wallet, which is currently available via the web-based trading platform, can now be accessed by users. The mobile-based platform is still in the works and will be available soon. The platform is built on top of the KuCoin ecosystem and allows for cross-chain implementation.

Furthermore, it is a one-stop shop for performing common wallet functions like as buying, selling, trading, and sending different cryptocurrencies such as Bitcoin (BTC), Tether (USDT), Binance (BNB), USDC (USD), and other tokens. KuCoin wallet is a self-custodial (non-custodial) wallet that gives users complete control over their private keys and, of course, their funds.

Self-custodial wallets used to be less desirable since they demanded a lot of responsibility, but as the number of crypto frauds and hacks has increased, more crypto members are beginning to evaluate the wallet’s benefits, particularly the value of security.

For Just A Newer Web A Newer Option

In the future, KuCoin wallet wants to add more features, such as GameFi and NFT services. KuCoin’s MFT marketplace Windvane will be integrated into the wallet together with the wallet launch. NFTs can be purchased, stored, and seen directly from the wallet. KuCoin’s future business plan, like that of other significant firms, prioritizes DeFi, NFT, and Web3. Johnny Lyu, the CEO of KuCoin, emphasized the exchange’s goal:

Crypto wallets, as the entry point to the Web 3.0 network, are a necessary component for users to engage in the decentralized ecosystem, and they’ve evolved into far more than just a place to store digital assets. The launch of KuCoin Wallet’s official website is another evidence of KuCoin’s ambition to enter the Web 3.0 area at a vital time, with our goals extending beyond centralized trading services and into the decentralized world to expand its company.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing