Binance co-founder He Yi said Binance Wallet now makes up about 75% of overall wallet trading volume and handles more than $13 billion in transactions in a single day, according to ChainCatcher. She said the wallet uses a multi-party computation, or MPC, architecture aimed at improving asset security and account recovery. He Yi also pointed to a set of built-in risk controls, including wrong-address protection, alerts for potentially malicious contracts, and warnings for high-risk tokens and networks.
She added that the next stage of self-custody is not only about raising the level of security. In her view, product design also needs to make secure usage more intuitive for users. The remarks outline Binance Wallet’s current scale and the features Binance is emphasizing as it develops its self-custody offering.
Binance co-founder He Yi said Binance Wallet currently accounts for about 75% of total wallet trading volume and processes more than $13 billion in transaction value per day, according to ChainCatcher.
He Yi said the wallet uses a multi-party computation (MPC) architecture to strengthen asset security and account recovery. It also includes wrong-address protection, alerts for potentially malicious contracts, and warnings covering high-risk tokens and networks.
She added that the future direction of self-custody is not limited to stronger security. Product design, she said, also needs to make secure usage more intuitive.
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