In August 2024, Web3 wallet provider Bitget Wallet reached a significant milestone, gaining 12 million active users despite market downturns in both traditional and crypto markets.
User and Download Growth
In August, Bitget Wallet was downloaded over 2 million times, surpassing MetaMask in total downloads and becoming the most downloaded Web3 wallet on the App Store and Google Play.
Strategic Partnerships
Bitget's success is largely attributed to its strategic partnerships with mainstream Web2 platforms, including Telegram, Apple, and Google Pay. Its integration of Multi-Party Computation (MPC) keyless wallet technology allows users to create wallets using familiar Web2 logins, significantly lowering the barrier for less tech-savvy users to enter the Web3 space. Bitget Wallet COO Alvin Kan noted that the company’s impressive growth was due to deep integration with Web2 platforms, particularly Telegram. He highlighted how the massive user base of Telegram created a viral effect, attracting millions of users unfamiliar with cryptocurrency.
Global Strategy and Innovation
Bitget Wallet is actively expanding globally, providing financial services to underserved communities. Year-over-year growth reached 1,000% in countries like Japan, India, Nigeria, and the Philippines. The platform supports cryptocurrency trading, NFTs, and blockchain services across multiple networks, positioning Bitget as a leader in decentralized finance. Innovative features such as gas-free trading, AI-powered Smart Money tracking, and support for memecoin trading on Solana and Base networks enhance the user experience. The company’s $10 million BWB ecosystem fund aims to support new blockchain services, fostering a growing DeFi ecosystem. Alvin Kan emphasized Bitget's mission: “Our goal is to bring Web2 users into the Web3 world, making crypto more accessible, especially for those in regions with limited access to traditional finance.”
With robust multi-chain asset management, strategic partnerships, and ongoing innovation, Bitget Wallet is positioned to lead the future of Web3 adoption.
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