BitKeep's valuation tripled in a year as it secures a $30M investment from cryptocurrency derivatives exchange Bitget.
a $30 million investment into the multichain wallet BitKeep at a $300 million valuation. The deal will see Bitget become the controlling shareholder of BitKeep and allow the latter to “access to the exchange’s proven technology and security capabilities in the exchange domain, thus helping it improve the stability and security of its services.” Gracy Chen, managing director at Bitget, commented:
“Being one of the most trusted crypto exchanges with a $300 million user protection fund, we know how much security and reliability mean to cryptocurrency users and are confident that the integration of our native solutions in this domain into BitKeep’s framework will bolster its image as an attractive wallet.
BitKeep is a self-custody wallet popular among users in the Asia-Pacific region, although it also has a substantial global presence. Aside from providing access to decentralized finance protocols and non-fungible tokens, the wallet is known for its ability to process cross-chain swaps of digital assets between different blockchains within the application itself. The firm says BitKeep wallet has surpassed 8 million users and supports over 250,000 cryptocurrencies across 80 blockchains.
“This is one of Bitget’s crucial moves towards Web3 entry as part of its new Go Beyond Derivatives strategy, which foresees linking CeFi and DeFi, transforming the platform from a leading contract exchange to a comprehensive and holistic exchange with its own ecosystem.“
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