KuCoin, which claims to be a “leading” global cryptocurrency trading platform, has launched its “brand-new” decentralized product — KuCoin Wallet, with its website “going live for users to access the service starting June 1st.”
The official app of KuCoin Wallet is also expected “to launch later in June.”
Open beta app testing “is expected to become available in the coming days.”
The launch of KuCoin Wallet “is a significant endeavor for the KuCoin ecosystem in its effort to expand Web 3.0 exploration.”
KuCoin Wallet is designed “to be a secure and easy crypto wallet that supports multi-chain aggregation powered by the KuCoin ecosystem.”
It allows users “to create a decentralized account for Web 3.0 in seconds and send, receive, and store BTC, ETH, USDT, USDC, BNB and more tokens in one place.”
Positioned as more than a crypto wallet “by granting users access to the Web 3.0 world, KuCoin Wallet will add many leading DeFi, NFT, and GameFi functions to provide users with a convenient experience in the future.”
At launch, KuCoin Wallet will also “integrate Windvane, a one-stop NFT marketplace, to enable users to buy, store, and view their NFT collections directly within the wallet.”
Security is another “essential feature” of KuCoin Wallet.
As a self-custodial wallet with security techniques audited by Hacken, KuCoin Wallet “gives users full control of their assets since they manage their own private keys.”
Johnny Lyu, the CEO of KuCoin, said:
“As the gateway to the Web 3.0 network, crypto wallets are an important requirement for users to participate in the decentralized ecosystem and have developed far more than being a mere tool to store digital assets. The launch of the official website of KuCoin Wallet is additional proof that shows the determination of KuCoin to enter the Web 3.0 field at a critical time, with our goals going beyond centralized trading services and entry into the decentralized world to extend its business further.”
According to the Head of KuCoin Wallet, KuCoin always hopes “to better cater to the needs of all classes of investors.”
He added that the release of the official website of KuCoin Wallet “is one step further for KuCoin to make an exploration in Web 3.0.”
Previously, KuCoin announced that it will “launch its decentralized NFT marketplace, Windvane, and has established a $100 million Creators Fund to empower the development of Web-3.0.”
Launched in September 2017, KuCoin “is a global cryptocurrency exchange with its operational headquarters in Seychelles.”
As a user-oriented platform with a focus on inclusiveness and community action reach, “it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 18 million users in 207 countries and regions.”
In 2022, KuCoin “raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion.”
KuCoin is currently “one of the top 5 crypto exchanges according to CoinMarketCap.”
KuCoin Wallet “is a secure and easy-to-use crypto wallet that supports multi-chain aggregation powered by the KuCoin ecosystem.”
With the security expertise of KuCoin and the “leading” security technology audited by Hacken, KuCoin Wallet “is a self-custody wallet, with users having full control of their assets.”
KuCoin Wallet reportedly “provides the easiest way for users to manage multi-chain assets and enables them to buy, store, and view NFT collections directly within the wallet.”
KuCoin Wallet “is a gateway to the world of Web 3.0 for all crypto lovers.”