On Wednesday, multi-chain wallet Bitkeep announced that it raised $30 million from crypto derivatives platform Bitget. Bitkeep now has an overall valuation of $300 million, with goals aimed at strengthening the links between decentralized finance (defi) and centralized finance (cefi).
Bitget Invests $30 Million in Bitkeep; Wallet Firm is now valued at $300 million
Crypto derivatives exchange bitget has announced that it has invested $30 million in the multi-chain wallet company maintenance, making him the majority shareholder of the startup. Bitget detailed Wednesday that the wallet will gain access to the exchange’s technology and security features. Bitkeep is a multi-chain wallet that allows users to connect to various defi applications and non-fungible token (NFT) projects.
Bitkeep wallet users can access blockchains like Bitcoin (BTC), Solana (SOL), Fantom (FTM), Polygon (MATIC), Tron (TRX), Heco (HT), Ethereum (ETH), Binance Smart Chain (BSC) and OEC (OKT). The wallet managed to raise $15 million in May 2022 in a funding round led by Dragonfly Capital with participation from Kucoin Ventures, A&T Capital, Foresight Ventures, Sevenx, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, and YM Capital.
Bitget’s latest $30 million injection gives Bitkeep a post-equity valuation of $300 million. “This move is a win-win for Bitget and Bitkeep and facilitates collaborative efforts in the decentralized space and beyond,” said Gracy Chen, Bitget CEO. “We are not only delighted to provide the Bitkeep team with the necessary support to strengthen the security and stability of their offering services, but also excited to have such an established industry player as part of our growing ecosystem.”
Bitkeep claims to have “more than 8 million users worldwide, covering 168 countries in North America, Europe, and Asia.” In addition to the aforementioned networks, the wallet supports 80 different blockchains and 250,000 different types of crypto assets. The wallet competes with wallets like defi and Web3 like Metamask, which has more than 10 million active users. Other Bitkeep competitors include wallets such as Defi Swap, Zengo, Safepal, and Trust Wallet.
What do you think of Bitget’s investment in Bitkeep and how do you think it will affect the multi-chain wallet industry? Share your thoughts on this topic in the comments section below.
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