Trust Wallet (TWT) Defies Crypto Market Downtick and Surges by 28% Amid New Kraken Partnership and Shoutout from Binance Founder

The decentralized self-custody crypto wallet Trust Wallet (TWT) surged by 28% on Friday after rolling out a new roadmap and receiving a shoutout from Binance co-founder Changpeng Zhao.

On Thursday, Trust Wallet published a new blog, laying out plans to expand from everyday financial operations into a full trading hub featuring prediction markets and perpetuals that have up to 100x leverage.

Trust Wallet then wants to expand further and offer personalized staking and lending opportunities, and a new launchpool program for early-stage projects.

Zhao took to X to comment on the project’s new developments.

“TWT token started as an experiment. The FDV (fully diluted valuation) got too high quickly. They burned 99% of the supply, but didn’t have too many use cases for it. Now that’s expanding.”

*“TWT token started as an experiment. The FDV (fully diluted valuation) got too high quickly. They burned 99% of the supply, but didn’t have too many use cases for it. Now that’s expanding.”*On Friday, Kraken announced that Trust Wallet will integrate the exchange’s new xStocks feature into its wallet platform.

The Solana (SOL)-based xStocks is a tokenized equities brand developed by the tokenized stocks and ETF issuer Backed. It utilizes blockchain technology to offer tokenized versions of US-listed equities in select non-US markets.

TWT is trading at $1.19 at time of writing. The 189th-ranked crypto asset by market cap is also up more than 46% in the past week.