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Home»ADOPTION NEWS»Bitget Wallet surpasses 20 million users, solidifying its position in the global Web3 field
ADOPTION NEWS

Bitget Wallet surpasses 20 million users, solidifying its position in the global Web3 field

By Crypto FlexsMarch 21, 20243 Mins Read
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Bitget Wallet surpasses 20 million users, solidifying its position in the global Web3 field
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Through unique products and strategic innovations, Bitget Wallet has achieved a milestone of 20 million users and has become the 4th largest Web3 wallet in the world.

Bitget Wallet, which has made remarkable advancements in the blockchain field, has reached new heights with over 20 million users worldwide. This significant user base solidifies Bitget Wallet’s position as the fourth largest global Web3 wallet, demonstrating its innovative features and strategic market positioning.

Harnessing innovation for growth

Bitget Wallet has been at the cutting edge of Web3 infrastructure development since its founding in May 2018. Its mission is to provide fair and unrestricted access to the Web3 world for all users. This vision, combined with keen market insight and relentless product development, has fueled exponential growth of our user base, marking an impressive trajectory in our five-year journey.

The wallet’s strategic foresight became clear in the DeFi summer of 2020 when it adopted DEX quotations early, improving asset discovery and on-chain trading experiences for users. This movement has garnered significant attention due to the subsequent rise of NFTs and the Metaverse. Bitget Wallet expanded its offering to include an NFT marketplace, further fueling its growth.

As decentralized trading becomes mainstream, Bitget Wallet leads the way by integrating swap trading functionality. It has become an industry pioneer in providing aggregated cross-chain DEX market data and facilitating gasless cross-chain trading. These improvements to Swap’s product have been instrumental in driving the expansion of our user base.

In 2022, Bitget Wallet secured an incredible $15 million worth of $100 million in a Series A funding round led by Dragonfly Capital. This achievement was driven by a strategic $30 million investment from Bitget Exchange, increasing its valuation up to $300 million.

User-centered innovation and new opportunities

As the industry shifts toward a community-driven narrative, Bitget Wallet has become a pioneer in meme coin discovery and trading, building a dedicated user base with great capabilities in this niche. This success is built on Bitget Wallet’s comprehensive infrastructure with advanced market analysis tools, whole-chain trend analysis, multidimensional market rankings, and insights into smart money movement across 100 mainstream blockchains.

COO Alvin’s emphasis on “new assets” and “new opportunities” highlights Bitget Wallet’s commitment to driving market innovation through supporting new blockchains, listing new tokens, introducing the Launchpad platform, or unveiling Inscription features. These initiatives are strategically aligned to deliver new assets and opportunities for our users.

With the launch of its ecosystem token, BWB, Bitget Wallet is making further efforts to foster a strong ecosystem, where BWB will play a central role, especially after crossing the 20 million user landmark.

Image source: Shutterstock

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