The number of Bitget Wallet users has exceeded 20 million

The global user base of the Bitget Wallet crypto wallet has exceeded the 20 million mark. Due to the growth of the audience, Bitget Wallet took the fourth place in the world among crypto wallets. This achievement coincided with the launch of the BWB ecosystem token and a six-week coin distribution campaign attracting the attention of the world community, the project team noted.

Since its launch in May 2018, the Bitget Wallet team has focused on developing an infrastructure to provide every user with unlimited access to Web3. According to the press release, she managed to achieve an "explosive" growth in the user base thanks to a clear understanding of the market and constant innovation.

The introduction of decentralized exchange (DEX) quotes has improved the usability of asset discovery and online trading. When such platforms became widespread, Bitget Wallet additionally integrated the swap trading function. The crypto wallet has established itself as the first in the industry to offer aggregated DEX market data and facilitated cross-network transactions without gas, the company said.

According to the team, the continuous improvement of the Swap product has become a decisive factor in expanding the Bitget Wallet user base. After a surge of interest in non-interchangeable tokens (NFT) and metaverses, developers expanded the functionality of the product, which further contributed to its growth.

The next stage in the development of Bitget Wallet was a Series A funding round in the amount of $15 million in 2022. Thanks to the funds raised under the leadership of Dragonfly Capital, its valuation reached $100 million. This was followed by a strategic investment of $30 million from the Bitget crypto exchange, as a result of which the project's valuation increased to $300 million.

Source: https://incrypted.com/kolichestvo-polzovatelej-bitget-wallet-prevysilo-20-mln/