KuCoin Ventures into Web3 With the Launch of a Decentralized Wallet – Ethereum World

Summary:

• The KuCoin crypto exchange has announced the launch of a decentralized wallet.
• The new KuCoin Wallet is designed to be secure and easy to use, with multi-chain aggregation powered by the KuCoin ecosystem.
• The decentralized wallet will further expand KuCoin’s services to Web3, including DeFi, GameFi, and NFTs.

The popular crypto exchange of KuCoin has announced the launch of a decentralized wallet through its official Twitter page, as seen below.

#KuCoin Officially Launches Decentralized #Crypto Wallet To Offer Users #Web3 Services @KuWallet

— KUCOIN (@kucoincom) June 1, 2022

KuCoin Wallet Will be a Gateway to Web3

According to the official announcement, KuCoin Wallet will expand the exchange’s reach beyond centralized trading services. The new KuCoin wallet will allow the exchange, its ecosystem, and its users to enter the decentralized world at the core of Web3 adoption.

The KuCoin Wallet ‘is designed to be a secure and easy crypto wallet that supports multi-chain aggregation powered by the KuCoin ecosystem.’ Users of the KuCoin wallet can access Web3 within seconds and even transact using the top digital assets of Bitcoin, Ethereum, Tether, USD Coin, BNB, and many more.

Security is at the wallet’s core, and the team at KuCoin has stated that Hacken has audited the wallet’s security feature.

The CEO of KuCoin, Johnny Lyu, further reiterated the exchange’s evolution toward the Web3 experience. He said:

As the gateway to the Web3 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 for storing digital assets.

The launch of the official website of KuCoin Wallet is additional proof to show the determination of KuCoin to enter the Web3 playing field at a critical time with our goals going beyond centralized trading services and entry into the decentralized world to extend its business further

KuCoin Wallet to Integrate Windvane NFT Marketplace

With time, KuCoin Wallet will integrate additional features such as DeFi, NFT, and GameFi.

Currently, the wallet has integrated Windvane. The latter is a one-stop NFT marketplace that will allow users of the new wallet to easily buy, sell, store, and view their NFTs on one platform.