On a day full of impactful events in the cryptocurrency market, the digital currency Trust Wallet (TWT) emerged as a rising star, registering a notable increase and value of 22%.
The main factor behind this rise is the upcoming listing on Binance futures, which resulted in a rapid rise in the price of the coin to reach $1.35, the highest level since April 2023.
Trust Wallet is a non-private-key cryptocurrency wallet that has a close connection to the Binance trading platform.
The wallet recently underwent a comprehensive redesign, both at the branding and user interface levels. Although the digital currency has been available for spot trading for a long time, its recent entry into the Binance futures market represents a major turning point.
It should be noted that the Bybit platform was the first to offer TWT futures contracts, as the immediate increase in the value of TWT that followed its inclusion in Binance futures contracts is not a new phenomenon in the world of cryptocurrencies.
It is known that major trading platforms such as Binance, Coinbase, and Upbit have a strong influence in boosting the prices of cryptocurrencies by significant amounts after introducing futures trading options.
Investors in the world of cryptocurrencies are cautiously following the potential transformations of the Trust Wallet digital currency, which still maintains great untapped potential and this highlights the direct impact of news on the valuation of digital currencies.
The strong relationship between Trust Wallet and Binance suggests that TWT could take a similar path to Binance Coin (BNB).
When looking at the historical performance of the Binance coin, the expected potential of the TWT digital currency can be seen.
