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In September, Bitget Wallet experienced a surge with 6 million downloads, becoming the second-most downloaded crypto app in the Web3 space.
Key Notes
The Bitget wallet also registered a 100% user growth globally since March 2024, reaching 40 million new users in six months.Bitget Wallet’s user-friendly interface, support for over 100 blockchains, and integration with Web3 services contributed to its rapid expansion.It saw significant growth in emerging markets, especially Africa (413%), South Asia (126%), and the Middle East (105%).Despite the regulatory uncertainties and other factors, crypto exchange Bitget’s native wallet has gained a massive market in the last month of September. The Bitget wallet registered 6 million downloads in September making it the second-most downloaded crypto app in the Web3 space, just after Binance.
Additionally, the team stated that the Bitget wallet has seen 40 million new users joining, registering a 100% growth worldwide in the last six months since March 2024. This makes it one of the fastest-growing decentralized wallets in the Web3 space as of now.
Courtesy: Bitget
There have been multiple factors contributing to the rapid growth of the Bitget wallet. This includes its user-friendly interface making the platform accessible to all. Additionally, the wallet also integrates with several Web3 services like token swaps, asset management, crypto trading, and staking. the Bitget wallet supports more than 100 blockchains, 20,000 dApps, and millions of tokens.
One of the major contributing factors to Bitget’s success is its integration with Telegram and the TON blockchain. As a result, users of the messaging app can directly access the wallet. In Q3, the wallet reported a 4,886% surge in TON on-chain addresses.
The Bitget wallet is making quick inroads in emerging markets making it easy to onboard new customers. During Q3, Africa supported the most growth for the wallet, surging 413%, followed by 126% growth in South Asia and 105% in the Middle East. Speaking on the development, Bitget Wallet CEOO Alvin Kan said:
“By integrating with platforms like Telegram, we’re simplifying crypto adoption for mainstream users and creating tools that enable seamless interaction with decentralized platforms”.
Bitget Wallet Prepares for Supporting Meme Coins
Last month, Bitget Wallet introduced a trading tool designed for meme coin enthusiasts, allowing users to spot coins with the potential for 100x returns. The MemeX platform’s standout feature is its real-time discovery tool, which highlights and lists newly launched meme coins, showcasing those released in the past 24 hours and organizing them by launch time for easy monitoring.
Last week, Bitget’s native token BGB BGB $1.12 24h volatility: 0.3% Market cap: $1.57 B Vol. 24h: $30.60 M tanked by 50% following a disruption in the platform’s operations. The price of the BGB token plunged from $1.14 to $0.794. However, following this incident, the platform announced complete compensation. As a result, the BGB price has recovered the lost ground entirely and is currently trading at $1.12.
Additionally, the wallet has been implementing stricter token listing standards in order to improve trust and security among its users and reduce scams.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
