Allegedly, Trust Wallet, a non-custodial cryptocurrency wallet acquired by Binance in 2018, seems to have been taken down from the Google Play marketplace. Users trying to reach the app’s page are now directed to a blank page, suggesting the app’s unavailability.
At the time of writing, the cause behind the removal remains undisclosed, with neither Trust Wallet nor Google Play providing any public remarks on the issue. Following the announcement, Trust Wallet’s native token TWT experienced a rapid decline of over 5%, as reported by CoinGecko data.
Founded in 2017 by Viktor Radchenko, Trust Wallet offers users non-custodial cryptocurrency storage services across multiple blockchain networks. In 2018, the application was acquired by the cryptocurrency exchange Binance; however, details regarding the financial aspect of the acquisition have not been disclosed thus far.
The recent development surfaced shortly following a warning from the FBI advising Americans to steer clear of utilizing cryptocurrency services offered by companies not registered as Money Services Businesses (MSBs) and not adhering to anti-money laundering regulations. Whether Google’s choice to delist Trust Wallet is linked to this advisory remains uncertain. Notably, other non-custodial cryptocurrency wallets are still accessible on Google Play as of the time of this writing.
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