Crypto giant Binance unveils self-custody Web3 wallet

Cryptocurrency exchange Binance has rolled out a new Web3 wallet to all users through its mobile app, according to a Wednesday release. "Web3 wallets represent more than just storing digital assets; they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance, said Binance CEO and Founder Changpeng Zhao. Binance's Web3 wallet, which will operate across 30 blockchain networks, offers various services such as digital asset management and cross-chain trades. The product uses multi-party computation ("MPC") technology, which Binance said allows users to "enjoy a wallet experience without the need for remembering your seed phrase but still have full custody of your assets." More on Binance Binance to halt access to its crypto exchange for new U.K. users Binance's U.S. affiliate stops direct dollar withdrawals