CoolBitX, the Taiwan-based blockchain security company and creator of the first mobile hardware wallet for blockchain assets, today announced an integration with Binance Chain, a blockchain developed by crypto exchange company Binance and its community, and the Binance DEX. The integration will allow Binance DEX users to transfer digital assets to and from CoolBitX’s latest hybrid hardware wallet, CoolWallet S (CWS).
CWS launched in 2018 and is the world’s first credit card-sized hardware wallet for Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Horizen, and ERC20 Tokens. The Binance DEX integration enables CWS users to quickly and securely withdraw and exchange digital assets through the decentralized exchange.
With no central custody of funds, Binance DEX offers users full control over their assets and private keys, complementing the security provided by a hardware wallet. Desktop browsers can be used to initiate trades, but the CWS is utilized to sign each transaction – minimizing security risks to end users of the exchange.
“The launch of Binance DEX will help to grow the ecosystem and further the adoption of cryptocurrency. We thank CoolBitX for their support and we are excited to offer more freedom of choice to the Binance DEX community.”
Decentralized exchanges provide a different balance of security, freedom, and ease-of-use, so that users can have more responsibility and control over their assets.
“Binance is the world’s leading digital asset exchange, and we are excited to see their role in the development of Binance DEX. This integration is highly significant for CoolWallet S holders as they will be able to seamlessly and securely transfer crypto on and off the exchange.”