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Trust Wallet adds Binance and Coinbase Pay

Investors pull their capital back after the FTX scandal.

By Finst News
• 3 min read
Trust Wallet adds Binance and Coinbase Pay

After the FTX scandal, investors are pulling their capital back. Because the transaction process used to be "cumbersome," Trust Wallet now supports Binance and Coinbase Pay.

Improved access to web3

Trust Wallet, one of the largest self-custody and multi-chain wallet providers, announced that it has added both Binance and Coinbase Pay. That reports Coinjournal based on a press release. Trust Wallet said they want to "ensure seamless crypto transfers for customers from their Coinbase or Binance accounts and improved access to web3." The adoption is intended to address issues with transferring cryptocurrencies to Trust Wallet.

Update to the transaction process

In the past the transaction process was "cumbersome" because "users had to manually enter their addresses, switch between apps, or select the right network." The update has fixed this lengthy process. Users would be able to complete crypto transfers in "a few simple steps, so the funds go directly from their Binance or Coinbase accounts to Trust Wallet." The associated Trust Wallet Token (TWT) had surged massively in the wake of the FTX meltdown. Due to the scandals around withdrawal freezes and misappropriation of customer assets, many users are currently moving to their own wallets.

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