Bitget, a Seychelles-based exchange that specializes in cryptocurrency derivatives, has recently announced an expansion of its partnership with the BitKeep decentralized multi-chain wallet development team.
By combining their strengths in both DeFi and CeFi solutions, the two partners aim to enhance the security of asset storage and increase the stability of exchange transactions on stock exchanges and NFT marketplaces.
This move marks a significant step for Bitget in its “Go Beyond Derivatives” strategy, as it seeks to integrate Web3 technology into its platform.
Through the partnership, Bitget gains access to a whole new audience of potential customers, while existing clients will be able to utilize BitKeep’s wallet services that support over 90 major blockchain networks, almost 250,000 types of digital assets, and more than 20,000 DeFi applications.
In order to cement the partnership, Bitget invested approximately $30 million in BitKeep, which granted it the controlling majority shareholder status. By doing so, Bitget will now be able to offer its services to over 8 million new users from 168 countries.
Moreover, BitKeep has garnered support from a range of well-known shareholders, including Dragonfly Capital, KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, and YM Ca.
In addition to its partnership with BitKeep, Bitget has also recently announced its official sponsorship of the Juventus women’s team, a five-time Italian Cup and Super Cup champions.
This latest development showcases the company’s ongoing commitment to expanding its reach and presence in the cryptocurrency market.