Schwyz, Switzerland, December 14, 2022 -– THORChain, a non-custodial decentralized native asset protocol that enables wallets, decentralized exchanges (DEXs), and users to seamlessly transfer their digital assets across blockchains, has completed its integration with Trust Wallet, a leading self-custodial and multi-chain wallet provider.
This integration unlocks decentralized multichain swaps for the more than ten million active Trust Wallet users, who will gain access to all native assets compatible with THORChain including BTC (not wrapped or bridged), ETH, BNB, and BUSD.
This partnership means that Trust Wallet users can trade native assets freely while retaining full ownership of their assets, a significant development as the crypto industry reappraises the value of self-custody following the collapse of a number of centralized service providers. Trading volumes accelerated considerably on the network in November, with over $2.1 billion in RUNE traded on the exchange.
“Users are now more motivated than ever to capitalize on the benefits of self-custody. The latest market developments emphasize the importance of transparency and self-custody, features that are inherent in decentralized finance (DeFi). As the industry returns to the core principles upon which it was founded: transparency, decentralization and privacy, we are proud to join forces with Trust Wallet to make self-custody as accessible as possible,” said Chad Barraford, Technical Lead at THORChain.
Roll-out of the integration is underway on Trust Wallet, limited to BTC, ETH, and BNB (BEP-2), and open to Android users on the latest version of Trust Wallet. Users on iOS will receive an update including THORChain powered swaps soon.
THORChain support will be offered to over ten million active Trust Wallet users, providing decentralized cross-chain swaps on native assets. This integration vastly enhances the DeFi user experience, while affording users unbridled sovereignty over their assets.
Eowyn Chen, CEO of Trust Wallet, commented:
“In a multi-chain crypto world, more decentralized, secure, and easier cross chain integration is necessary for user adoption of web3 services. I am very excited about Trust Wallet’s integration with THORChain protocol to pave an easy way for users to swap across multiple major blockchains while maintaining security and full ownership over their assets. It’s a good first step, and we will continue to increase more chain coverages and improve user experiences.”
About THORChain
THORChain is a non-custodial decentralized exchange (DEX) that enables users to seamlessly transfer their digital assets across blockchains.
By enabling anyone in the world to exchange native assets (BTC, ETH, BNB, BCH, LTC, ATOM, AVAX) across multiple chains via pairings with THORChain’s native token, $RUNE, THORChain provides unlimited freedom to the blockchain ecosystem. Maintained entirely by the community, THORChain unlocks the true power of decentralized finance (DeFi), allowing users to quickly and easily manage assets across multiple platforms.
About Trust Wallet
Trust Wallet is a leading self-custodial multi-chain crypto wallet that provides users with seamless wallet experience on both mobile and desktop. Trust Wallet empowers everyones accessibility to web3 and enables users to have full ownership of their crypto assets. It is a noncustodial wallet which means your private keys are stored on your device and your assets on-chain meaning you are in full control at all times.
With a super easy-to-use interface and true multi-chain experience, Trust Wallet is a one-stop-shop solution for every users’ crypto needs no matter their level of experience. Trust Wallet enables you to store over 8.5 million assets including NFTs across multiple chains all in one place. You can buy, stake, swap and browse the world of web3 dApps seamlessly using your Trust Wallet.
It has around 60 million downloads and over 10 million monthly active users making it one the largest self-custodial wallets in the world.