KuCoin Announces the Launch of its Decentralized Crypto Wallet that Supports NFTs
KuCoin, a major global cryptocurrency trading platform, has just introduced its brand-new decentralized product, KuCoin Wallet, on June 1st, with its website open to the public and the wallet's official app expected to be released later this month.
KuCoin Wallet is a secure and simple crypto wallet that uses the KuCoin ecosystem to facilitate multi-chain aggregation. It enables users to create a Web 3.0 decentralized account in seconds and send, receive, and store BTC, ETH, USDT, USDC, BNB, and other tokens all in one spot.
KuCoin Wallet will include various leading DeFi, NFT, and GameFi services to provide users with a convenient experience in the future, positioning it as more than a crypto wallet. Windvane, a one-stop NFT marketplace, will be integrated into KuCoin Wallet at launch, allowing users to buy, store, and see their NFT collections directly within the wallet.
Another important characteristic of KuCoin Wallet is security. KuCoin Wallet allows users full control of their assets because they handle their own private keys. It is a self-custodial wallet with security measures validated by Hacken.
“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,” said Johnny Lyu, the CEO of KuCoin. He added, “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.”
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 18 million users in 207 countries and regions.
In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts.
Read more: Here