Bitget Invests $30M in BitKeep Broadening Its Ce-DeFi Ecosystem

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BENGALURU, India, March 23, 2023 /PRNewswire/ — Bit­get, the largest cryp­to copy trad­ing plat­form, has announced a $30 mil­lion invest­ment in Bit­Keep the decen­tral­ized mul­ti-chain wal­let, becom­ing its biggest stake­hold­er. The invest­ment will allow the exchange to extend its range of cen­tral­ized cryp­to ser­vices into a decen­tral­ized ecosys­tem. The sis­ter com­pa­nies will lever­age their respec­tive offer­ings and col­lab­o­rate on link­ing CeFi and DeFi. The invest­ment involves the merg­er of Bit­Keep Wal­let with Bit­get’s busi­ness domain, sig­nif­i­cant­ly bol­ster­ing its exist­ing user base and prod­uct offering.

Found­ed in 2018, Bit­Keep has been pro­vid­ing unin­ter­rupt­ed and reli­able non-cus­to­di­al wal­let, swap and NFT mar­ket­place ser­vices to its user base of more than 8 mil­lion across 168 coun­tries. The wal­let sup­ports 90 main­net net­works such as Bit­coin, Ethereum, BNB Chain, Poly­gon, and Solana, and over 250,000 types of assets across more than 20,000 dApps.

“This move is a win-win choice for Bit­get and Bit­Keep and facil­i­tates col­lab­o­ra­tive efforts in the decen­tral­ized space and beyond. We are not only delight­ed to pro­vide the team at Bit­Keep with the nec­es­sary sup­port to rein­force the secu­ri­ty and sta­bil­i­ty of its offer­ing ser­vices, but also excit­ed to have such an estab­lished indus­try play­er as part of our grow­ing ecosys­tem,” said Gra­cy Chen, Man­ag­ing Direc­tor at Bitget.

As part of the deal, Bit­get has invest­ed $30 mil­lion in Bit­Keep, increas­ing its share­hold­ing and becom­ing the pri­ma­ry stake­hold­er of the com­pa­ny val­ued at $300 mil­lion as per its pre­vi­ous fund­ing round. The part­ner­ship with Bit­get will give the wal­let 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.

By inte­grat­ing Bit­Keep­’s estab­lished 8 mil­lion user base, Bit­get will receive access to an entire­ly new audi­ence of poten­tial clients. This is one of Bit­get’s cru­cial moves towards Web3 which fore­sees link­ing CeFi and DeFi, trans­form­ing the plat­form from a lead­ing con­tract exchange to a com­pre­hen­sive and holis­tic exchange with its own ecosystem.

“The invest­ment deal implies not only finan­cial but also tech­ni­cal sup­port, which will be pro­vid­ed to us by a pro­fes­sion­al team along with the expe­ri­ence nec­es­sary for prod­uct growth and mar­ket expan­sion. We are excit­ed about this part­ner­ship and the poten­tial it has to pro­vide our users with even more com­pre­hen­sive dig­i­tal asset man­age­ment ser­vices. We believe that work­ing close­ly with Bit­get will not only dri­ve the growth of our busi­ness but also pro­vide us with valu­able expe­ri­ence exchange that will ben­e­fit our users,” said Moka Han, Chief Oper­at­ing Offi­cer at BitKeep

About Bit­get

Estab­lished in 2018, Bit­get is the world’s lead­ing cryp­tocur­ren­cy exchange with futures trad­ing and copy trad­ing ser­vices as its key fea­tures. Serv­ing over 8 mil­lion users in more than 100 coun­tries and regions, the exchange is com­mit­ted to help­ing users trade smarter by pro­vid­ing a secure, one-stop trad­ing solu­tion. It also inspires indi­vid­u­als to embrace cryp­to through col­lab­o­ra­tions with cred­i­ble part­ners, includ­ing leg­endary Argen­tin­ian foot­baller Lionel Mes­si, the lead­ing Ital­ian foot­ball team Juven­tus, and offi­cial eSports events orga­niz­er PGL. Accord­ing to Coingecko, Bit­get is cur­rent­ly a top 5 futures trad­ing plat­form and a top 10 spot trad­ing platform.

For more infor­ma­tion, vis­it: Web­site  | Twit­ter  | Telegram  | LinkedIn  | Dis­cord

For media inquiries, please con­tact:
Sim­ran Alphon­so  
[email pro­tect­ed]

Pho­to: https://mma.prnewswire.com/media/2039062/Bitget_BitKeep.jpg

SOURCE Bitget



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