Bitget Wallet Valued at $300 Million After Investment from Bitget Exchange, Boasts 10 Million Users
Leading Web3 multi-chain decentralized wallet solution Bitget Wallet (Previously BitKeep) announced that its total user count has exceeded 10 million as of April 2023. Following a $30 million investment last week from cryptocurrency derivatives exchange Bitget, Bitget Wallet (Previously BitKeep)'s current valuation sits at $300 million and the platform will also be rebranded as Bitget Wallet.
Following the investment, Bitget Wallet (Previously BitKeep) has stated that it will continue to function as an independent entity both operationally and structurally. It will focus on building up its ecosystem as well as independent tokenomics while protecting the rights and interests of existing Bitget Wallet (Previously BitKeep)ers and BKB holders during the transition process of this strategic repositioning.
March alone saw the non-custodial wallet's new user count spike upwards by 560,000, stoked by several successful campaigns between Bitget Wallet (Previously BitKeep) and numerous prominent blockchains such as Arbitrum and Sui. $ARBK, the native token launched in tandem with Bitget Wallet (Previously BitKeep)'s Arbitrum campaign, for instance, observed a total of 708,800 on-chain transactions and was airdropped to over 100,000 active users who participated in campaign-related tasks and activities. $ARBK could be exchanged by participants of the campaign for $ARB, the official native token of the Arbitrum chain, and ranked first on Arbitrum's new ecosystem popularity chart during the campaign period with 150,000 token-holding addresses and an interaction volume of 330,000.
True to its vision to serve as the ultimate portal into Web3, Bitget Wallet (Previously BitKeep) will also continue making headway for its Swap function, introducing new cross-chain support for Optimism and Conflux eSpace, as well as DEX aggregation support from Swappi, Camelot, and WOO Network in March. Currently, Bitget Wallet (Previously BitKeep) supports over 75 different mainstream DEXs such as Uniswap, Dodoswap, PancakeSwap, and will continue to expand and include more in the future.
In the same month, Bitget Wallet (Previously BitKeep) NFT Market also both ranked first by trading volume on BNB Chain and by number of active wallets on Polygon, and reported $28,000 in daily transaction volume on Arbitrum - second only to OpenSea. Additionally, Bitget Wallet (Previously BitKeep) also placed amongst the list of recommended wallets supported by DappRadar, allowing users to easily connect to the leading Web3 DApp distribution platform from their Bitget Wallet (Previously BitKeep) Wallet.
Access to 80 new DApps were also added on to Bitget Wallet (Previously BitKeep)'s integrated DApp browser in March, with the likes of Maverick Protocol, Defina, TinyTap, Pyme, Sociogram, and many more. Its latest V7.3.2 update will also allow users to track wallet transactions and balances without having to import any private keys through its "Watch Wallet" feature. Further, the update introduced support for hardware wallet solution Keystone, allowing users to manage their accounts in an even more secure manner.
Moving forward into the rest of 2023, Bitget Wallet (Previously BitKeep) has set its sights on enriching its suite of product offerings and will be looking to delve into the realms of MPC (multi-party computation) and AA (account abstraction). It is also developing features related to Web3 DID (decentralized identity) and is in the process of supporting the ZK-Rollup ecosystem, providing users with seamless access to everything they would need as they explore the frontiers of Web3.
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About Bitget Wallet (Previously BitKeep)
Bitget Wallet (Previously BitKeep) is a decentralized multi-chain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT Marketplace, wallet function, swap services, DApp Browser, and Launchpad. It offers reliable and secure asset management and trading services to more than 10 million users worldwide, covering 168 countries in North America, Europe, and Asia, and is the top-rated wallet on Google Play globally, surpassing Metamask. Bitget Wallet (Previously BitKeep) currently supports over 255,400 types of cryptocurrencies across over 90 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana. Bitget's investment in Bitget Wallet (Previously BitKeep) will also pave the way for the launch of the new brand name, Bitget Wallet.
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