BitKeep, a Victoria, Seychelles-based decentralized multi-chain wallet provider, has raised $30 million in funding led by Bitget, the largest crypto copy trading platform. The DeFi startup will use the funds to extend its range of services while enhancing the stability and security of its offerings.
The investment will enable the exchange to expand its selection of centralized crypto services into a decentralized environment, making Bitget the largest stakeholder in BitKeep.
The sister businesses will link CeFi and DeFi by utilizing their various capabilities. By combining BitKeep Wallet with Bitget’s commercial domain, the investment will dramatically increase the company’s user base and product selection.
“This move is a win-win choice for Bitget and BitKeep and facilitates collaborative efforts in the decentralized space and beyond,” said Gracy Chen, Managing Director at Bitget.
Goodbye, #BitKeep💜
Hello, #BitgetWallet 💙The moment has arrived 🎉 After accepting a $30M investment from @bitgetglobal, we are revamping the brand, restructuring the management team and strengthening the overall security system.
Check our evolution #roadmap here👇
1/10 pic.twitter.com/CFSxOnnKjR
— BitKeep Wallet (@BitKeepOS) March 29, 2023
As a result of the agreement, Bitget has contributed $30 million to BitKeep, boosting its ownership position and taking the lead among the company’s investors. BitKeep was previously valued at $300 million.
With the support of Bitget, the wallet will have access to the exchange’s tried-and-true technology and security capabilities, enhancing the stability and security of its services.
BitKeep is a decentralized multi-chain digital wallet
A decentralized multi-chain digital wallet launched in 2018, BitKeep offers an all-in-one solution for a wide range of services, including an integrated NFT Marketplace, wallet function, swap services, DApp Browser, and Launchpad.
It provides safe asset management and trading services to more than 8 million users internationally, covering 168 nations in North America, Europe, and Asia. It has surpassed Metamask to become the most popular wallet on Google Play globally.
About 250,000 different cryptocurrency types are currently supported by BitKeep over more than 80 chains, including well-known ones like Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana.
Meanwhile, Bitget, founded in 2018, is the top cryptocurrency exchange in the world, with futures trading and copy trading services as its main features. The exchange, which serves over 8 million customers in more than 100 nations and regions, is dedicated to assisting users in trading more intelligently by offering a secure, one-stop trading solution.
With partnerships with reputable partners, such as the renowned Argentinean footballer Lionel Messi, the top Italian football team Juventus, and official eSports events organizer PGL, it encourages people to accept cryptocurrency.
One of Bitget’s most important steps towards Web3, which calls for connecting CeFi and DeFi, will be taken with this move. This will alter the platform from a leading contract exchange to a comprehensive and holistic exchange with its ecosystem. By incorporating BitKeep’s 8 million established users, Bitget will access an entirely new market of potential customers.
“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,” said Moka Han, Chief Operating Officer at BitKeep.
