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Binance Chain has been integrated on one of the world’s leading crypto wallets in a move that will give holders of Binance Coin access to a range of DApps.
Cobo wallet will now have Binance Coin and the wallet gives users access to DApps such as CryptoKitties and FOMO3D, among a host of other applications.
Cobo has integrated with #Binance Chain now! Cobo Wallet and Custody is supporting #BNB storage. More collaboration to come soon! @binance @cz_binance
Keep your funds #SAFU with Cobo: https://t.co/cKFuZsr0I6 pic.twitter.com/HiNAdWI1Zd
— Cobo Wallet (@Cobo_Wallet) August 9, 2019
A number of major cryptocurrencies such as ETH, EOS and TRX are already associated with Cobo wallet and Binance becomes the latest to join this list. Cobo wallet provides its users with a wide range of services including procurement, record registration, voting, resource summary and a number of other DApp tools.
One of the biggest advantages that come with Cobo wallet is the high level of security the wallet offers to crypto holders. The wallet uses an advanced user end security system which requires multiple factors for the validation process.
Private keys, which users need to access their cryptocurrency, can be stored in multi signature cards which means that they need a certain number of different signatures before the cryptocurrency is dispensed.
The Cobo Wallet
Cobo wallet was founded in China and the company’s headquarters are found in Beijing. There are plans to expand the wallet’s territory to include countries such as Indonesia, Vietnam and the United States.
The wallet is currently available in over 80 countries and it serves a significant chunk of the crypto community. The company has raised over $13 million which will be channeled towards further developing their framework to include the countries which they currently do not serve.
The leading wallet is the first of its kind to use a proof of stake (PoS) protocol. The wallet also has a master node through which the wallet’s users can access all crypto services in one application.
Cobo wallet can be used to store and trade cryptocurrencies securely, and rolling these functions into one application makes it unique and one of the most desirable wallets on the market. Customers are able to invest in Bitcoin without having to move their holdings to another platform.
Binance Chain will find integration into the Cobo wallet beneficial. The wallet is used by over 500,000 people which will expose Binance to an extensive market. There are over 30 digital assets available through Cobo wallet and an additional 500 tokens on the main blockchain.
Being a part of such a wallet will boost Binance’s reviews and the Binance Coin can be expected to become one of the most traded tokens on the market after this move.