CoolWallet S Integrates with Binance Decentralized Exchange (DEX)
CWS holders will be able to transfer assets to and from the Binance DEX mainnet launching in late April 2019
April 29, 2019 (Investorideas.com Newswire) CoolBitX, the Taiwan-based blockchain security company and creator of the first mobile hardware wallet for digital assets, today announced an integration with the highly anticipated Binance Chain, a blockchain software system developed by Binance and the community, and its upcoming 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.
CEO of CoolBitX, Michael Ou said: "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."
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.
CEO of Binance, Changpeng Zhao said: "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."
For more information on CoolBitX, please visit https://coolbitx.com. Join the Binance Chain Community Forum at https://community.binance.org/.
About CoolBitX Technology Ltd.:
CoolBitX Technology Ltd. (CBX) is a Taiwan-based blockchain security company and creator of the first mobile hardware wallet for digital assets. CBX leverages the power of the blockchain to return personal data to the individual and foster a more secure and empowered future. Founded in 2014 by Michael Ou and backed by investors like SBI Holdings and Bitmain, CBX specializes in the manufacturing of U.S.-patented digital asset hardware and developing smart contract platforms for millions of global users. In 2016, CoolBitX introduced its first generation wallet, and released the CoolWallet S in 2018 - the world's first credit card-sized hardware wallet for Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Horizen, and ERC20 Tokens. Currently, CoolBitX is focused on the development of a complete KYC/AML solution that will foster optimal regulatory compliance and greatly improve the reputation and operations of the virtual currency industry at large. For more information on CoolBitX, visit https://coolbitx.com/.
About Binance Chain
Binance Chain is a blockchain software system developed by Binance and the community. Binance Chain is a community-driven development project with many developers and contributors from all over the world. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain. https://binance.org/
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