Binance Wallet continues to improve the world of Web3 through strategic partnerships with infrastructure providers that provide accessibility to our users. Binance Wallet’s integration with Privy, a leading provider of Web3 authentication and wallet infrastructure, allows developers to easily integrate decentralized applications (dApps) as extensions with Binance Wallet. This configuration is assigned to provide end users with the ability to access decentralized services with fewer barriers, less friction, and no need to overboard.
Making the Binance ecosystem more accessible to developers
This partnership is a huge step forward for blockchain developers, making it easier for developers to integrate their dApps into Binance Wallet. Therefore, you will be able to reach millions of verified users instantly. The streamlined integration process eliminates many of the obstacles that have limited the ability of blockchain developers to work with developers providing wallet services.
The value proposition for developers is clear: they can immediately take advantage of Binance Wallet’s large user base using Privy’s powerful infrastructure, rather than developing custom wallet integration solutions or managing multiple connection protocols. A recent report from Fortune shows that Privy has experienced tremendous growth. Privy operated with approximately 1 million cryptocurrency wallet owners as of 2023. Wallet users have grown to around 50 million, which means the company has partnered with more than 1,000 companies. The Privy way continues to establish its importance within the overall future Web3 infrastructure.
Eliminate the burden on end users
This integration provides a more streamlined experience for users when working with Web3 applications. Users can now easily access their favorite dApps with complete security without any additional steps. This deceptively simple solution tackles one of the most difficult problems hindering the adoption of cryptocurrencies. Connecting your wallet to an application can be frustrating and slow.
Traditionally, users have faced many challenges when trying to use decentralized applications, such as downloading separate wallet extensions, seed phrases, complex connection protocols, and repeatedly authorizing access across different platforms. Binance Wallet works with Privy’s breakthrough technology to reduce friction points and provide a more seamless experience. Users can manage their funds on Binance Wallet and also have the benefit of access to a larger dApp ecosystem.
Strategic Implications in a Web3 Environment
Privy has promoted itself as a leading Web3 infrastructure provider in user authentication and embedded wallet technology. The platform includes email, SMS, social logins, passkeys and external wallets, allowing for a flexible and user-friendly in-flight experience..
In March 2025, Privy was able to raise $15 million in funding led by Ribbab Capital with participation from Sequoia Capital, Paradigm, and Coinbase. The investment shows great confidence in the embedded wallet infrastructure space, and other investments are being made across the industry as well.
This partnership will help increase the relevance of Binance Wallet as a gateway for developers by reducing friction and accessibility rules. As Web3 matures, a platform that is easy to develop, has additional functionality, and can be made available to a wider range of users is very likely to be of great value.
conclusion
The integration of Binance Wallet Extension with Privy is a huge step forward for developers and customers considering Web3. This collaboration provides developers with an easy way to access Binance’s large number of authenticated users, allowing them to quickly launch decentralized apps. This eliminates many of the operational barriers that slow down adoption of this technology to more users. As infrastructure improvements continue to be made and mainstream platforms continue to improve the user experience, the distance between traditional platforms and Web3 infrastructure will continue to shrink.
