Binance buys crypto-wallet firm in first-ever acquisition
Malta-based Binance, one of the world's biggest cryptocurrency exchanges, has bought crypto-wallet provider Trust Wallet in its first-ever acquisition. Trust Wallet is an open source, decentralized and anonymous mobile wallet application that supports Ethereum and over 20,000 different Ethereum-based tokens. Led by Changpeng Zhao, Binance handles $1.2 billion worth of trades a day.