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KuCoin Decentralized Crypto Wallet Is Launched To Provide Users With Web 3.0 Services


KuCoin, a well-known global cryptocurrency trading platform, will launch its brand-new decentralized product — KuCoin Wallet — on June 1st, when its website becomes live and consumers may access the service. The official mobile application for KuCoin Wallet is also expected to launch in June. It is expected that open beta app testing will be available in the next days. The launching of KuCoin Wallet is a key milestone in the KuCoin ecosystem’s goal to widen Web 3.0 exploration.

KuCoin Wallet is a secure, user-friendly cryptocurrency wallet powered by the KuCoin ecosystem that allows for multi-chain aggregation. Users may 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 place.

KuCoin Wallet, which aims to be more than just a cryptocurrency wallet by giving users access to the Web 3.0 world, will soon include multiple prominent DeFi, NFT, and GameFi services to provide users with an easy experience. Windvane, a one-stop NFT marketplace, will be integrated into KuCoin Wallet upon launch, allowing users to purchase, store, and see their NFT collections right inside the wallet.

Another critical aspect is the security of KuCoin Wallet. KuCoin Wallet, as a self-custodial wallet with security features confirmed by Hacken, gives users total control over their cash since they manage their own private keys.

KuCoin’s chief executive officer, Johnny Lyu, stated: “Crypto wallets, as the gateway to the Web 3.0 network, are critical for users to participate in the decentralized ecosystem and have grown into much more than basic digital asset storage devices. The launch of the KuCoin Wallet official website demonstrates KuCoin’s dedication to entering the Web 3.0 space at a critical juncture, with the goal of extending its firm beyond centralized trading services and into the decentralized world.”

According to Jeff Haul, the CEO of KuCoin Wallet: “KuCoin works hard to suit the needs of all sorts of investors. The official KuCoin Wallet website’s debut is the next step in KuCoin’s exploration of Web 3.0.”

KuCoin earlier announced the launch of Windvane, its decentralized NFT marketplace, as well as the creation of a $100 million Creators Fund to assist the development of Web 3.0.

KuCoin is a cryptocurrency

KuCoin is a global cryptocurrency exchange that was founded in September 2017 and is headquartered in Seychelles. It offers its 18 million users in 207 countries and regions spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending.

KuCoin raised approximately $150 million in pre-Series B funding in 2022, bringing its total investment to $170 million with Round A combined and valuing the firm at $10 billion. According to CoinMarketCap, KuCoin is now one of the top five cryptocurrency exchanges. Forbes named KuCoin one of the Top 10 Cryptocurrency Exchanges for 2021. In 2022, the Ascent named KuCoin the Best Cryptocurrency App for Enthusiasts.

Concerning the KuCoin Wallet

KuCoin Wallet is a secure, user-friendly cryptocurrency wallet backed by the KuCoin ecosystem. KuCoin Wallet is a self-custody wallet that combines KuCoin’s security expertise with Hacken’s superior security technology. Users have total financial control. KuCoin Wallet streamlines multi-chain asset management by allowing users to buy, store, and review NFT collections without leaving the wallet. KuCoin Wallet is a Web 3.0 platform for all cryptocurrency aficionados.

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

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