OK Group to Invest $140M in Chinese DLT Development

The Binance cryptocurrency exchange has acquired a Chinese platform for evaluating DappReview decentralized applications, CoinDesk reports.

Thanks to this, Binance will be able to continue the development of existing decentralized applications and create new scenarios for using the blockchain, said the founder of the Binance’s Trust Wallet, Viktor Radchenko.

In the near future, Trust Wallet will integrate DappReview APIs to provide easy access to explore new dapps and crypto games, as well as more insight into DeFi [decentralized finance] services, analytics and usage.

Viktor Radchenko

Founder, Trust Wallet

Binance, for its part, will offer DappReview support in non-technical areas, including marketing and business development, and the platform will retain its independence in matters of technical and operational activities. In the first quarter of 2020, DappReview will introduce a new set of data-oriented products.

The acquisition of DappReview also means that Binance will now have its own subsidiary in Beijing. The company refused to disclose the financial details of the transaction.

DappReview was founded in March 2018 and provides data-based analytical services for more than 3,900 decentralized applications, including wallets and exchanges, in 13 public blockchains, including Ethereum, EOS and TRON.