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On Nov.13, CEO of Binance Changpeng Zhao posted a tweet on twitter and tag Trust Wallet.
“Your keys, your coins” – Changpeng Zhao
.@TrustWallet your keys, your coins. https://t.co/pJUc26kQ7n
— CZ 🔶 Binance (@cz_binance) November 13, 2022
Refer to some event after FTX crash, users have suspected about CEX and tended to switch to using DEX. In the past, Binance acquired Trust Wallet, a secure and intuitive mobile wallet in 2018. This event shows the importance of secure wallet technology for the future development of cryptocurrency as a whole.
Before this tweet, Changpeng Zhao also mention about transparent behind DEX and many big players responded by providing proof of reserve. This activity is part of demonstrating the power of Binance CEO over the crypto space.
>>> Related: Binance Reveals How Much BTC, ETH They Are Storing After FTX Crash
