Binance Expands Web3 Wallet with 35 New Decentralized Applications
Binance, one of the leading cryptocurrency exchanges, has recently announced the integration of 35 new decentralized applications into its Web3 wallet. This move aims to provide users with more options and opportunities to engage with various dApps directly through the wallet.
Among the popular platforms that have been added to the Web3 Wallet are Aevo, Ambient Finance, and BAC Games. These additions offer users access to a diverse range of dApps for activities such as gaming, finance, and trading, all within the Binance ecosystem.
The Web3 Wallet serves as a bridge between Binance and web3 applications, offering features like multi-blockchain interaction, token trading, and opportunities to earn yields on investments.
Enhancing Security and Compliance with Stricter KYC Measures
Alongside the integration of new dApps, Binance has also announced a stricter Know Your Customer (KYC) process for its Link Program. This initiative is part of the exchange’s efforts to align with regulatory standards, especially in light of recent legal challenges in the U.S. and potential bans in countries like Nigeria and the Philippines.
The Binance Link Program is designed to provide enterprise clients and business partners with access to the exchange’s technology, liquidity, and cryptocurrency ecosystem for growth and expansion. Participants in the program can leverage Binance’s infrastructure to develop their own services and offerings.
By strengthening its KYC measures and compliance protocols, Binance aims to ensure the security and integrity of its platform while fostering a regulatory-friendly environment for its users and partners.