Telegrams founder and CEO, Pavel Durov, announced today on his Telegram channel that he is planning to build "a set of decentralized tools." These will include non-custodial wallets and a decentralized cryptocurrency exchange. Durov also talked about the state of centralization in digital assets, and the role FTX played in it.
Do you think that this could actually work, and potentially be a decent rival to Binance?
This is one of the best news I have read so far, creating a Telegram wallet and exchange for cryptocurrencies will have an impact on the crypto market in general. Where Telegram is one of the most downloaded applications by users in the world for the year 2022 and has more than 700 million active users, so it is one of the most popular applications and its involvement in blockchain technology will attract millions of users to engage in investing and trading cryptocurrencies, and Telegram may become one of the best worthy competitors for the Binance platform in the future and for other exchanges, I am very excited to try out Telegram's new decentralized developments and features.