Multichain wallet BitKeep raises $30M at $300M valuation

On Mar. 22, cryptocurrency derivatives speech Bitget announced a $30 cardinal concern into multi-chain wallet BitKeep astatine a $300 cardinal valuation. The woody volition spot Bitget go the controlling shareholder of BitKeep and let the second to "access to the exchange's proven exertion and information capabilities successful the speech domain, frankincense helping it amended the stableness and information of its services." Gracy Chen, managing manager astatine Bitget, commented:

"Being 1 of the astir trusted crypto exchanges with a $300 cardinal idiosyncratic extortion fund, we cognize however overmuch information and reliability mean to cryptocurrency users and are assured that the integration of our autochthonal solutions successful this domain into BitKeep's model volition bolster its representation arsenic an charismatic wallet."

Meanwhile, Moka Han, main operating serviceman astatine BitKeep, added:

"The concern woody implies not lone fiscal but besides method support, which volition beryllium provided to america by a nonrecreational squad on with the acquisition indispensable for merchandise maturation and marketplace expansion. We are excited astir this concern and the imaginable it has to supply our users."

BitKeep is simply a self-custody wallet fashionable among users successful the Asia-Pacific region, though it besides has a important planetary presence. Aside from providing entree to decentralized concern protocols and non-fungible tokens, the wallet is known for its quality to process cross-chain swaps of integer assets betwixt antithetic blockchains wrong the exertion itself. The steadfast says BitKeep Wallet has surpassed 8 cardinal users and supports implicit 250,000 cryptocurrencies crossed 80 blockchains. Previously successful May 2022, BitKeep raised $15 cardinal astatine a valuation of $100 million, with Dragonfly Capital starring the investment.

"This is 1 of Bitget's important moves towards Web3 introduction arsenic portion of its caller Go Beyond Derivatives strategy, which foresees linking CeFi and DeFi, transforming the level from a starring declaration speech to a broad and holistic speech with its ain ecosystem."

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