Bitget Wallet Announces Development Plan Supporting the BTC Ecosystem

Chainwire

World-leading Web3 trading wallet, Bitget Wallet (formerly BitKeep Wallet) has announced a comprehensive support and development plan for the Bitcoin ecosystem this month. The initiative signifies an active expansion in supporting the Bitcoin ecosystem, with increased investments in the areas of product research and development, with the goal of bringing more trading options for users and enhancing their overall asset management experience.

Bitget Wallet offers a range of services centered around the Bitcoin ecosystem, including providing support for BTC asset management, cross-chain swaps, and on-ramping for EOA and MPC wallets. Bitget Wallet also offers Taproot compatibility together with asset transfers for BRC-20 tokens and NFTs. Additionally, users can gain insights on overall market trends of the Bitcoin ecosystem on Bitget Swap, as well as interact with popular projects on Bitget Wallet's DApp browser.

An increasing number of Bitcoin ecosystem projects are integrating Bitget Wallet on their official websites, such as Unisat, ALEX Lab, LifeRestart, and Bitmap Explorer, which are all featured on Bitget Wallet's integrated DApp browser for ease of user access. Users can expect to access a whole range of services within the Bitcoin ecosystem, including DeFi, cross-chain bridges, minting inscriptions, and performing BRC-20 token transactions.

Together with the explosive growth of inscription-based projects on the Bitcoin ecosystem, Bitget Wallet's DApp browser has also experienced a notable increase in user interactions with inscription-related DApps as well over the past month.

In the future, Bitget Wallet will place its focus on medium to long-term market prospects of the Bitcoin ecosystem, and work to enhance both its technological infrastructure and product features. This also includes increased investments in key areas such as Lightning Network, Nostr and Taproot Assets, BRC-20, and ARC-20 inscriptions. Amongst these, Lightning Network will be a prominent area of focus, with plans to support multiple address formats, and improving asset transfer efficiency.

Additionally, Bitget Wallet is also planning on introducing asset swaps between the Bitcoin mainnet and the Lightning Network to support cross-chain transactions between BTC and EVM assets on Bitget Swap, enhancing opportunities for portfolio diversification and enriching trading options. Taproot asset issuance will also be another area of exploration for Bitget Wallet, underscoring the platform's proactive adaptability and passion for embracing emerging technologies.

Alvin Kan, Chief Operating Officer of Bitget Wallet, emphasizes the significance of Bitcoin, stating, "As the fundamental cornerstone of the Crypto industry, Bitcoin is not only seen as an undisputed benchmark of crypto value, but also represents the innovative spirit of the industry. Catalyzed by the introduction of the BRC-20 and Ordinals protocols, together with the imminent halving next year, the Bitcoin ecosystem is set to be a prominent player in shaping the overall trajectory of the Web3 world. "

As a world-leading Web3 trading wallet, Bitget Wallet has been committed to providing users with a wide range of assets, powerful trading features, and seamless trading experiences throughout its five-year legacy. "As the Bitcoin ecosystem continues to grow, we aim to emerge as a key player, introducing stronger and more seamless ways for users to manage and grow their assets on the Bitcoin ecosystem. " Alvin Kan stated.

About Bitget Wallet (Web3 Trading Wallet)

Formerly known as BitKeep, Bitget Wallet stands as Asia's largest and global frontrunner among all-in-one Web3 trading wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, MPC Wallet and more.

With a 5-year legacy, Bitget Wallet has garnered acclaim from over 12 million users worldwide and has secured partnerships with prominent industry leaders including Bitcoin, Ethereum, TRON, BNB Chain, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.

In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.

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Contact Details

Rachel Cheung

media@bitget.com