Crypto exchange Bitso launches Web3 wallet

Cryptocurrency exchange Bitso has announced the launch of its Web3 wallet. The Web3 wallet uses MPC technology to facilitate the self-custody process for users and supports Ethereum, Polygon, Arbitrum, Base, and Optimism networks. The wallet will have embedded functionality that allows for exchange between more than 2,000 tokens currently available on these protocols. Bitso co-founder and CEO Daniel Vogel said Bitso is watching the developments of global exchanges such as Coinbase, which have launched their own networks to improve the user experience. While Vogel did not confirm Bitso's intention to enter this market, he emphasized that his company "does a great job from a user experience perspective" and that using these tools "can make the process more fun and easier." (Bitcoin.com)