KuCoin – a leading global cryptocurrency exchange platform, launched its latest product – KuCoin Wallet. The decentralized digital asset storage application will be launched in late June, with its official website set to go live on June 1.
The launch of KuCoin Wallet is yet another step taken by the KuCoin exchange in its continued efforts aimed at penetrating the Web 3.0 space. KuCoin Wallet is the latest addition to the KuCoin ecosystem, a self-custodian and cross-chain wallet application that users will be able to leverage as an access instrument for Web 3.0 environments. Described as a convenient and straightforward application with an intuitive interface, the wallet will sport a host of useful functions and features, including support for DeFi and GameFi services.
The wallet is intended to be an additional instrument for attracting users as an access key to Web-3.0 alongside the recently launched Windvane NFT marketplace and $100 million Creators Fund. The combined directions of KuCoin’s exploration into Web-3.0 space gives the exchange considerable weight as an important player shaping the future of decentralized internet environments.
Powered by the KuCoin ecosystem, the wallet will also incorporate the native Windvane NFT marketplace that allows users to buy, sell, exchange, store and view their NFT assets and collections. As a multi-chain storage solution, the wallet will pass into the open beta testing stage in the coming days, allowing users to send, receive, and store BTC, ETH, USDT, USDC, BNB, and many other digital currencies.
“As the gateway to the Web-3.0 network, crypto wallets are an important requirement for users to participate in the decentralized ecosystem and have developed far more than being a mere tool to store digital assets. The launch of the official website of KuCoin Wallet is additional proof that shows the determination of KuCoin to enter the Web 3.0 field at a critical time, with our goals going beyond centralized trading services and entry into the decentralized world to extend its business further,” Johnny Lyu, CEO of KuCoin, commented on the announcement.
The KuCoin exchange has highlighted the bolstered security layers integrated into KuCoin Wallet. The application has already been audited by the reputable Hacken security agency and scored top marks across the board. The wallet is designed to be self-custodian, granting control of private keys and stored assets entirely to the users for enhanced security and accountability.
“KuCoin always hopes to better cater to the needs of all classes of investors. The release of the official website of KuCoin Wallet is one step further for KuCoin to make an exploration in Web 3.0,” stated by Jeff, Head of KuCoin Wallet division.
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