Binance-Owned Trust Wallet Adds Mobile Staking Support for VeChain (VET)


Trust Wallet, a mobile cryptocurrency wallet that supports Ethereum and over 20,000 different Ethereum based tokens across ERC-20, ERC-223 and ERC-721 standards, announced today that it has integrated Wanchain (WAN) and VeChain (VET), two of the largest public blockchain platforms.

VeChain leverages a twin-token system to facilitate its platform, namely, VET and VTHO. The function of VET is to serve as a value-transfer medium within the ecosystem while VTHO represents the underlying cost of using VeChain.

According to the announcement, Trust Wallet users will now have access to the new cryptocurrencies on iOS and Android. Notably, holders of VET are now able to gain VTHO staking rewards directly in their mobile wallet, further expanding the breadth of the VeChain network.

Other non-Ethereum coins supported on the wallet include GoChain (GO), POA Network (POA), Callisto (CLO), and Ethereum Classic (ETC).

The news comes just months after¬†Binance, the world’s most popular cryptocurrency exchange, acquired¬†Trust Wallet,¬†emphasizing the quality of the Trust Wallet software which makes it the ideal platform for their mobile expansion.

VET and WAN are currently ranked 18th and 62nd, respectively, in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: Trust Wallet Adds Support for Wanchain and VeChain

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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