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This significant expansion in the Asia-Pacific region underscores the platform’s strong position in the competitive Asian market.
Bitget Wallet, a cross-chain Web3 wallet formerly known as BitKeep, has reached a significant milestone, amassing 30 million users globally. This marks a 150% increase compared to the previous year.
According to a press release dated August 13, Bitget Wallet, which prides itself as the “largest in Asia”, achieved the 30 million user milestone in July, becoming the most downloaded wallet that month. It outpaced competitors like MetaMask and Trust Wallet, two of the most established names in the crypto industry.
The company recorded over 1.6 million downloads in July alone across both Android and iPhone app stores, surpassing MetaMask, which saw around 1.5 million downloads.
A Strategic Acquisition and Rebranding
Bitget Wallet became part of the Bitget Group last year when it was acquired by the crypto exchange Bitget for an undisclosed amount. The company invested $30 million into the platform, fueling its rapid growth and re-evolution into one of the most popular wallets in the market, now boasting over 30 million users globally.
Alvin Kan, COO of Bitget Wallet, noted that the platform’s growth has been particularly strong in regions such as Europe, North America, and Oceania. In countries like Russia, Italy, Sweden, and Australia, user numbers surged by an astonishing 40%.
Meanwhile, countries like France, Portugal, the UK, Turkey, and Canada saw a staggering 1,000% increase in user numbers.
In the Asia-Pacific region, Bitget Wallet also experienced substantial growth. User numbers in Japan, the Philippines, and Thailand jumped by 20% from the previous year. Additionally, user growth in India, Vietnam, and Singapore exceeded 300%.
This significant expansion in the Asia-Pacific region underscores the platform’s strong position in the competitive Asian market.
Driving Factors Behind the Growth
Kan attributed this success to several factors, including the platform’s focus on the “mobile experience”. According to him, users prefer the convenience of the mobile version over desktop plugins.
“Many Web3 users prefer the convenience of mobile over plugin wallets on computers. Our mobile wallet’s user-friendly design has made it a top choice, with many users opting not to return to traditional wallets,” Kan explained.
In addition to the mobile experience, other factors contributing to Bitget Wallet’s growth include its cross-chain capabilities, which allow users to send and receive cryptocurrencies, non-fungible tokens (NFTs), and other collectibles from different blockchains across the industry.
The platform has also seen a surge in activity driven by the popularity of meme coins, which have attracted a new wave of users looking to capitalize on these volatile assets. Bitget Wallet provides users with useful tools such as smart money tracking on the Solana (SOL) protocol and Base chain, enabling them to monitor their trades on both networks.
Additional features like automatic slippage, zero gas fees, and an instant trade mode have further enhanced the wallet’s appeal.
Kan also disclosed that Bitget Wallet’s integration with The Open Network (TON) ecosystem has significantly bolstered its attractiveness, offering users access to a decentralized network that promises enhanced privacy and scalability.
On August 9, the Web3 wallet announced that it had become the highest-integrated wallet on the TON ecosystem. Notably, Bitget Wallet also outperformed popular apps like TikTok and WhatsApp in Nigeria, achieving 200% growth in June.
