Trust Wallet Rating Update: ☎ “+1–805–301–7541” ☎
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Trust Wallet is one of the most popular wallet applications. Shortly after the FTX collapse, the price of its native token $TWT jumped to a new high, and its market cap is now among the top 50 in the entire crypto market. Let’s find out what happened together.
In the aftermath of the FTX collapse, centralized exchanges faced a trust crisis as users began to wonder if the exchanges were misappropriating their funds. More and more users chose to withdraw their assets held on centralized exchanges to their self-custodial on-chain wallets in panic. According to Glassnode, the major exchanges have seen a net outflow of about $2.6 billion in $ETH over the past month. And so, once again, the topic of which wallet is better has become the talk of the town.
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Trust Wallet is undoubtedly the most eye-catching one, not only with its new product launch during the crisis, but also with the promotion from CZ and its native token jumping to new highs. We also raised our rating of Trust Wallet to AA from A on Nov. 28, ranking it first in the wallet category.
Trust Wallet is a non-custodial crypto wallet supporting both mobile and browser extensions. It was founded by Viktor Radchenko in November 2017 and then acquired by Binance in August 2018. Now it is the official wallet of Binance.
Trust Wallet stands out with the multi-functioned mobile crypto wallet, which supports not only asset storing and transfer functions but also allows users to interact with DApps, buy crypto with Fiat, manage NFTs, staking, etc.
According to the statistics of Similarweb, the Monthly Active User of Trust Wallet performs much better than MetaMask on mobile.
