Crypto Wallets to Overtake Exchanges for Daily Use | Airdrop Alert Pro

Former Binance CEO Changpeng ‘CZ’Zhao believes that crypto wallets should be the main interface for daily blockchain usage, while exchanges should mostly serve professional traders and liquidity providers.

CZ expressed this in a recent discussion with Trust Wallet CEO Eowyn Chen in a discussion on X (formerly Twitter).

CZ believes crypto wallets and exchanges have extraordinary regional use cases

Although he is no longer the boss, CZ lives a pretty hectic life every day, as he reveals in his latest discussion. this Former Binance CEO Now dedicated to finding new investment opportunities Yzi Labs (formerly Binance Labs). He is also active in Cheering Academy.

So is CZ Talk about his dog broccolihas become Meme Coin Space. When discussing crypto wallets, he expressed how communication can meet more professional transaction needs, which can become the preferred platform for daily blockchain use.

“I don’t think there should be any obstacles in the future. Exchanges should only be for professional traders. You know, very large traders with liquidity. Exchanges are a liquidity pool. Most people don’t need to interact with Exchange,” Former Binance CEO Express.

CZ stressed that most people have Using Encrypted Exchange As a wallet, this is wrong. Platforms such as Binance, Coinbase and other exchanges should be used for trading only. on the other hand, Applications like Trust Wallet The purpose of the service is to store encrypted goods.

The statement reflects a shift in the crypto industry. Wallets that have been used as simple storage tools now play a key role in asset management, digital identity and payment capabilities.

Wallets now support a wide range of features such as money transfer, wealth management and access defi Serve.

Eowyn Chen noted that Trust Wallet has greatly increased its user base. Now, the platform attracts daily users, not users interested in speculative trading.

“We have nearly 200 million downloads, which is about 77% of financially registered users. So for us, we feel like a decentralized wallet. With all the basketballs you have to skip, this is the user base honor.”

Digital Identity Gateway

CZ also mentioned that wallets may become The portal to digital recognition and government services. He noted that many governments are exploring blockchain solutions to provide citizens with a secure digital identity.

Wallets can support such programs and provide a place for secure assets and digital certificates. This shows that wallets will go beyond financial development to such Digital education and public services.

“The first thing they need when governments look at blockchains is digital and decentralized ID solutions. To do this, you need a wallet. You should be able to do everything from your wallet. The wallet is a bit like the internet browser. , right? So, they are a critical infrastructure,” CZ said.

Discussions take place as wallet providers and communication face increases Review of user data and market practices. Separating wallet functionality from exchange functionality can benefit the ecosystem by capturing different user profiles, Eowyn Chen said.

As a result, the wallet platform has the opportunity to meet a wider audience of daily financial needs.

The debate also touches on the emerging role of digital identity and educational tools. Chen describes a concept in which digital certificates and identity systems are integrated with the wallet.

This integration will allow users to access educational content, government services and financial tools from a single interface. This innovation can improve everyday cryptocurrencies and pave the way for increased adoption of blockchain technology.