Viktor Radchenko, the founder of Trust Wallet, is stepping down as CEO of the mobile cryptocurrency wallet company to spend more time with his family.
Eowyn Chen, the current vice president of marketing at digital asset exchange Binance, will take his position.
Radchenko has been the CEO of the decentralized crypto wallet company since its inception in 2017.
Later, the Ukrainian sold the firm to Binance, run by Changpeng Zhao.
Radchenko wrote on Twitter, “I’ve decided to step down from running Trust Wallet.” “The last 4-5 years have been an incredible journey of building and making crypto more accessible.”
“From now on, I’ll take some time off to recuperate,” he said, “and then I’ll continue to assist crypto flourish.”
Radchenko expressed confidence in his successor’s ability to “keep pushing forward and bringing additional people into the Web 3 ecosystem.”
“For believing and supporting me since the early days and granting complete authority to our team to construct Trust Wallet,” he praised Binance CEO Changpeng Zhao, also known as CZ.
CZ lauded Viktor Radchenko as a “genuine crypto pioneer who has embraced the significance of trust, community, and decentralization from day one,” according to a separate official statement.
According to CoinGecko statistics, Trust Wallet Token (TWT) has declined 6.4 percent to $1.25 in the last 24 hours.
Growth of Trust Wallet
When Trust Wallet has become one of the most extensively used mobile crypto wallets, Radchenko is stepping down.
Radchenko claimed in a recent interview that he chose to design the wallet after having trouble keeping coins he purchased during the 2017 initial coin offering (ICO) craze.
“On the mobile side, there were no devices that allowed you to save tokens directly on your phone.” That was lacking, so I decided to make it myself. “So I constructed it,” he recalled, “and that was the first version of Trust that came out two weeks after I started working on it.”
Users may use Trust Wallet to store Ethereum (ETH) and over one million different digital currencies that follow Ethereum’s requirements.
