Exchange Binance announced the purchase of the provider Trust of cryptocurrency wallets Wallet that allows its users to store over 20 thousand tokens on the basis of Ethereum.

JUST IN: Binance is buying a crypto-wallet company in its first-ever acquisition

— Bloomberg Crypto (@crypto) July 31, 2018.

“The users control 100% of their funds. Now we have both centralized and decentralized [Trust Wallet does not store private keys-users] custody decisions”, — said CEO Binance, Chanpen Joao.

The transaction amount was not disclosed, but jao said that the company’s value was small due to the narrow customer base. He also added that Binance intends to acquire several companies and is already with some negotiations.

We will remind, earlier Binance has become one of the investors of the future of the decentralized Bank Founders Bank in Malta.