Recently the crypto platform that gained priority in East Africa, KuCoin, talked about its new wallet that promises to work through web 3.0. According to reports, this crypto wallet promises to renew the entire fans’ experience and offer a more pleasant system.
This release of the crypto wallet was triggered after the Seychelles-based firm did tests for an extended period. KuCoin conducted a field test verifying what type of App its clients and new crypto enthusiasts needed. After these investigations, they concluded that the average user needs a wallet with various blockchains that are very secure.
The new crypto wallet comes to compete in the virtual market
Several virtual wallets have been developed to the fan’s liking for more than a decade since the creation of the first decentralized currency. Kucoin would enter the list of the latest crypto companies to launch their wallet available to everyone. However, the wallet went through a public analysis stage in which around 3,000,000 people managed to register.
According to the director of the crypto firm, the new wallet promises a renewed version of its official platform, more excellent performance, and stability for the user’s benefit. This way, the client will be offered an optimal, quality wallet that will work without inconvenience. Likewise, its director indicates that the registration process in the wallet is easy so that the person can get involved in the crypto industry and use the various decentralized applications.
More details would indicate that the wallet is linked to the Blockchains of BNB, ETH, KCC Chains, and, of course, the Ethereum network. Every customer will have the freedom to use KuCoin’s dedicated wallet to transact BinanceCoin, Ether, TetherUSD, and other major cryptos.
KuCoin crypto wallet arrives amid a downswing
The KuCoin crypto wallet announcement comes amid a bearish streak across the entire crypto market. This would show that the country’s crypto company in East Africa is confident that virtual commerce will recover and will be more prominent in the financial field in the following months.
Currently, the crypto platform has many users who could eventually move to their wallets to take advantage of innovative technology. According to research, the crypto firm has been in business for more than five years, bringing together more than 18,000,000 clients in some 200 countries.
In 2022, the crypto company managed to raise some $150,000,000 in financing to promote various innovations within decentralized technology. With this presence in the virtual market, it is not surprising that Kucoin enters the list of the most valued crypto exchanges globally, according to CoinMarketCap. It is expected that more people will become interested in crypto and its alternative technologies with the new crypto wallet.