Bitget, a major cryptocurrency exchange, has announced its intention to acquire a controlling stake in BitKeep, a decentralised multi-chain wallet provider, in exchange for a $30 million investment. The move is part of Bitget’s new Go Beyond Derivatives strategic plan. It seeks to connect CeFi and DeFi and transform the company’s framework from a leading futures contract provider into a fully integrated platform supported by a thriving ecosystem.
Bitget’s Strategic Plan to Reshape the Crypto Ecosystem with BitKeep Merger
The merger will allow Bitget to expand its service offerings while assisting BitKeep in increasing the consistency and security features of its products and services. Additionally, the partnership will enable both firms to leverage the respective strengths. It will make able in combining DeFi and the CeFi for the benefit of the larger crypto community.
BitKeep Wallet was launched back in 2018 and has since provided more than 8 million users in 168 countries. It has an uninterrupted and dependable non-custodial wallet, coin swap, and non-fungible token marketplace services. The wallet currently supports 90+ mainnet networks. It includes Bitcoin, BNB Chain, Ethereum, Polygon & Solana, as well as more than 250,000 asset types spread across more than 20k decentralized applications.
Gracy Chen, the Managing Director of Bitget, said that both Bitget and BitKeep will benefit from the move. It enables collaborative work inside the decentralised sphere and beyond.
Bitkeep Merger with Bitget to Improve Consistency and Security
Bitget’s move into Web3 is one of the key objectives of its Go Beyond Derivatives strategy. It seeks to bridge the gap between centralised and decentralised finance. By investing in BitKeep, Bitget hopes to accelerate its entry into Web3. It will also contribute to the development of a more integrated and robust crypto ecosystem.
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The funding and integration of wallet providers with major exchanges are becoming increasingly common in the crypto industry. These moves can help companies expand their service offerings, and improve security. It will contribute to the development of the crypto ecosystem as a whole.
Bitget’s acquisition of BitKeep Wallet represents a significant step towards achieving its strategic goals. It creates a more integrated and thriving crypto ecosystem. The investment and integration of wallets by major exchanges are picking up speed, indicating a growing interest in providing a broader range of services to customers. The merger of Bitget and BitKeep Wallet will undoubtedly lead to more innovative solutions and services for the crypto community.