Trust Wallet

What Trust Wallet does

Trust Wallet is a non-custodial, multi-chain self-custody cryptocurrency wallet founded in 2017 and acquired by Binance in 2018, with the company majority-owned by Binance founder Changpeng Zhao (CZ). The platform is available as a mobile app (iOS and Android), a Chrome browser extension, and direct APK download, and supports over 10 million digital assets across 100+ blockchains including Bitcoin, Ethereum, Solana, and BNB Chain, alongside management of 600 million+ NFTs. Built on the open-source Wallet Core library, the wallet enables users to buy, sell, swap, stake, lend, and browse decentralized applications while retaining control of their private keys.

The core wallet product is extended by a suite of integrated modules: SWIFT (account abstraction with social recovery and gasless transactions), Perps (perpetual futures trading up to 200x leverage powered by Aster DEX and Hyperliquid), Prediction Markets (powered by Myriad with planned Polymarket and Kalshi integrations), RWAs including Binance bStocks (tokenized US securities on BNB Chain), Address Poisoning Protection across 32 EVM chains, and the Trust Wallet Agent Kit enabling AI agents to execute transactions across 25+ blockchains under user-defined permissions. The product roadmap accelerated meaningfully under CEO Felix Fan, who joined in February 2026 from OKX.

The business model is freemium with indirect monetization: Trust Wallet does not charge users directly for wallet functionality and instead earns revenue through integrated service fees shared with third-party providers (MoonPay, Transak, Banxa, Ramp, Coinme, Revolut) on fiat-to-crypto on-ramps, plus affiliate and referral fees from exchanges and DeFi protocols routing users through the wallet. Distribution is exclusively product-led and self-serve via app stores and the Chrome Web Store, with no enterprise sales motion. The company holds ISO 27001 and ISO 27701 certifications, employs 101-250 people, and is headquartered in San Francisco, with operations under Allmobile Ltd referencing Singapore and Bahrain jurisdictions.

Name

Trust Wallet

Legal name

Trust Wallet

Website

https://trustwallet.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Trust Wallet is a non-custodial multi-chain cryptocurrency wallet serving 220M+ individual crypto users across 100+ blockchains, monetizing indirectly via integrated service fees from third-party on-ramps, swaps, staking, perpetuals, prediction markets, and tokenized real-world assets, and is majority-owned by Binance founder CZ.

Ownership category

akta.pro rank

Product category

Cryptocurrency Wallet

NAICS

Trust, Fiduciary, and Custody Activities (523991)

SIC

Finance Services (6199)

akta.pro primary industry

Self-Custody Wallets (EOA, seed phrase, HD wallets) (FSAPACAA)

akta.pro secondary industry

Custodial Wallets & Hosted Accounts (exchange/fintech custody, omnibus wallets) (FSAPACAC)

Keywords

• Self-custody crypto wallet
• Multi-chain Web3 wallet
• DeFi access platform
• Crypto asset management
• Blockchain wallet application

Headquarters

HQ city

Mountain View

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Integrated service fees: Trust Wallet earns revenue through integrated third-party services including crypto purchases (via providers like MoonPay, Transak, Banxa, Ramp), swaps, staking, and on-ramps. These providers typically charge transaction fees of 1-5% which may be shared with Trust Wallet. The company swung from ~$10M annual losses to near breakeven in 2025.
2. Affiliate and referral fees: Trust Wallet generates affiliate revenue from directing users to exchanges, DeFi protocols, and partner platforms for trading, staking, and other services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Trust Wallet is a non-custodial, self-custody multi-chain cryptocurrency wallet available as a mobile app (iOS/Android) and browser extension. It enables individual users to store, buy, sell, swap, stake, and manage cryptocurrency and NFT assets across 100+ blockchains and 10M+ digital assets while retaining full control of their private keys. The platform also integrates DeFi services (perpetuals, lending), tokenized real-world assets, prediction markets, fiat on-ramps, and AI agent capabilities directly within the wallet interface.

Product overview

Trust Wallet is a self-custody, non-custodial multi-chain cryptocurrency wallet available as both a mobile app (iOS/Android) and a browser extension (Chrome). The platform functions as a comprehensive Web3 gateway supporting over 10 million digital assets across 100+ blockchains including Bitcoin, Ethereum, Solana, BNB Chain, and many more. The core wallet product is extended by a suite of integrated modules: Swaps for in-wallet token exchange, Staking for earning network rewards, NFTs for digital collectible management, Buy Crypto for fiat on-ramps, SWIFT for account abstraction, RWAs for tokenized real-world assets including bStocks, Perps for perpetual futures trading powered by Aster DEX, and Prediction Markets powered by Myriad. AI capabilities are delivered through the Agent Kit enabling autonomous AI-driven crypto operations across 25+ chains. The developer platform includes open-source Wallet Core library and comprehensive documentation. The Trust Moon accelerator extends the ecosystem by supporting Web3 builders, while the Trust Squad program builds community engagement.

Differentiator

Problem solved

Functional benefit

Products and services

• Trust Wallet Mobile App Trust Wallet's primary non-custodial multi-chain mobile cryptocurrency wallet available on iOS and Android, enabling users to store, buy, sell, swap, and stake crypto assets across 100+ blockchains with over 10 million digital assets supported. Targets individual consumers seeking self-custody of digital assets with integrated DeFi, NFT, and fiat on-ramp functionality.
• Trust Wallet Browser Extension A desktop-optimized Web3 browser extension for Chrome that provides an integrated trading experience, DApp browser access, and multi-chain wallet management on desktop platforms. Targets individual crypto users who prefer desktop Web3 interaction.
• Trust Wallet Agent Kit (TWAK) A standalone developer toolkit enabling AI agents to execute real cryptocurrency transactions across 25+ blockchains within user-defined permissions. Features autonomous AI wallet mode and WalletConnect-based user approval workflows, integrated with the Model Context Protocol. Targets Web3 developers and AI agent builders creating autonomous trading, wallet management, and DeFi automation solutions.
• Trust Wallet Wallet Core An open-source, mobile-focused cryptocurrency wallet library enabling blockchain developers to build native dApps and wallets that connect with Trust Wallet's user base. Targets Web3 developers building wallet infrastructure.
• Trust Moon Accelerator A Web3 accelerator program helping blockchain projects launch and scale by leveraging Trust Wallet's 210+ million user base across 100 blockchains, with support from partners including Binance, Polygon, and AWS offering funding, marketing, and ecosystem integration. Targets Web3 startup teams building in DeFi, stablecoins, and AI categories.

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability6 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• BNB Chain (BNBAgent SDK)coreStrategic or Co-development Partner · 19 May 2026BNB Chain launched BNBAgent SDK on mainnet as standardized infrastructure for AI agents, with Trust Wallet as a launch partner alongside Google, AWS, Binance Pay, and Binance Wallet. The SDK provides modular components for identity, commerce, payments, and storage for autonomous AI agents.
• MoonPaycoreTechnology or Integration · 14 May 2026MoonPay launched Headless Onramps API integration with Trust Wallet as an initial partner, enabling one-tap crypto purchases via Apple Pay, cards, and Google Pay across the US, EEA, and 100+ countries. MoonPay manages payment rails and compliance while Trust Wallet provides the self-custody destination.
• MeshminorStrategic or Co-development Partner · 10 May 2026Trust Wallet and Mesh announced plans to integrate AI agents into their cryptocurrency wallet platforms at Consensus Miami, transforming wallets into intelligent tools capable of managing funds, executing trades, and enhancing security autonomously.
• HyperliquidcoreTechnology or Integration · 29 April 2026Trust Wallet integrated Hyperliquid, a high-performance decentralized blockchain with over $4 trillion in trading volume, enabling its 220 million+ users to trade perpetual contracts including real-world assets (oil, precious metals, equities, S&P 500 perpetuals) directly within the mobile app. This makes Trust Wallet the first mobile wallet to offer perp trading with RWA markets.
• CoinMarketCapcoreTechnology or Integration · 20 April 2026Trust Wallet relies on CoinMarketCap API to display real-time token prices across more than 10 million digital assets on 100+ blockchains. CoinMarketCap handles over 1 billion API calls per month across 2.4 million assets, serving as the foundational data layer for Trust Wallet's price display functionality.
• CoinmecoreTechnology or Integration · 18 February 2026Trust Wallet launched Cash Deposits, enabling users to convert physical cash into digital assets including USDC, BTC, and SOL at over 15,000 U.S. retail locations. Powered by Coinme's infrastructure, the service delivers funds to self-custody wallets within minutes. Polygon is pending acquisition of Coinme.
• RevolutcoreGTM or Marketing Partner · 11 December 2025Revolut and Trust Wallet launched an integration enabling users across the European Economic Area to purchase Bitcoin, Ethereum, Solana, USDC, and USDT directly into self-custody wallets using Revolut Pay, debit cards, or bank transfers with zero fees when using existing Revolut balance. The partnership leverages Revolut's MiCA license secured from Cyprus Securities and Exchange Commission.
• MyriadcoreTechnology or Integration · 2 December 2025Myriad partnered with Trust Wallet to launch the first in-wallet prediction markets, enabling users to trade on event outcomes within their self-custodial wallets. Trust Wallet plans future integrations with Polymarket and Kalshi.
• Binance, Polygon, AWS (Trust Moon accelerator)coreStrategic or Co-development Partner · 26 September 2025Trust Moon is Trust Wallet's Web3 accelerator program supported by partners Binance, Polygon, and AWS. The program offers funding, marketing, and ecosystem integration opportunities for blockchain projects in categories including DeFi, stablecoins, and AI.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• MetaMask: MetaMask is the largest self-custody crypto wallet by user base, supporting EVM chains plus expanding to Solana via Snaps. It is the most direct competitor to Trust Wallet across mobile, browser extension, and multi-chain DeFi access.
• Phantom: Phantom is a leading multi-chain self-custody wallet originally built for Solana and now expanding to Ethereum, Bitcoin, and Polygon. It competes head-to-head with Trust Wallet on mobile UX, swaps, and integrated DeFi.
• OKX Wallet: OKX Web3 Wallet is a non-custodial multi-chain wallet from the OKX exchange, offering swaps, perps, and DeFi access. It directly competes with Trust Wallet, particularly given the prior OKX background of Trust Wallet's current CEO.
• Exodus: Exodus is a multi-chain self-custody wallet available on desktop and mobile, supporting 50+ blockchains with integrated swaps and staking. It is a comparable retail-focused self-custody competitor to Trust Wallet.
• 1inch Wallet: 1inch Wallet is a self-custody multi-chain wallet from the 1inch DEX aggregator, focused on best-execution swaps. It directly competes with Trust Wallet's swap and DeFi aggregation experience.

Broad incumbents

• Coinbase Wallet: Coinbase Wallet is the self-custody product of Coinbase, a major US-listed crypto exchange. It overlaps with Trust Wallet on multi-chain asset storage, swaps, and DeFi access, but is embedded within a broader regulated exchange platform.
• Binance (custodial in-app wallet): Binance offers a custodial in-app wallet as part of its exchange platform, which competes for the same user transactions and on-ramps but operates on a custodial model. As Trust Wallet's parent, it is both an owner and a complementary/competing custody solution.

Emerging players

• Rainbow: Rainbow is an Ethereum-focused self-custody mobile wallet with strong UX and DeFi/NFT features. It overlaps with Trust Wallet's mobile-first EVM use cases but has a narrower chain footprint.
• Zerion: Zerion is a non-custodial DeFi wallet and portfolio tracker with multi-chain support and in-app swaps. It competes with Trust Wallet on the DeFi power-user segment.
• Safe (formerly Gnosis Safe): Safe is the leading multi-sig smart contract wallet for individuals and DAOs, with strong account-abstraction capabilities. It overlaps with Trust Wallet's SWIFT smart contract wallet feature for high-value self-custody users.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/trustwalletapp
• GitHubgithub.com/trustwallet
• LinkedInlinkedin.com/company/trustwallet

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trust Wallet