Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi

On Wednesday, multi-chain wallet Bitkeep announced that it has raised $30 million from crypto derivative platform Bitget.Bitkeep, which currently has an overall valuation of $300 million, with the goal of strengthening the connection between decentralized finance (defi) and centralized finance (cefi).

Bitget invests $30 million in Bitkeep, valuing the wallet company at $300 million

crypto derivatives exchangeBitgetannounced it has invested $30 million in multi-chain wallet companyBitkeepand became the startup’s dominant stakeholder. Bitkeep detailed on Wednesday that the wallet will have 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-fundable token (NFT) projects.

Bitkeep wallet users can connect to Bitcoin (BTC), Solana (SOL), Fantom (FTM), Polygon (MATIC), Tron (TRX), Heco (HT), Ethereum (ETH), Binance Smart Chain (BSC), and OEC (OKT). The wallet successfully raised $15 million in May 2022 in a financing 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.

The latest $30 million infusion from Bitget brings Bitkeep’s post-capital valuation to $300 million.” “This move is a win-win choice for Bitget and Bitkeep,” said Gracy Chen, managing director of Bitget, “and will facilitate collaboration in the decentralized space and beyond.” We are not only pleased to provide the Bitkeep team with the support needed to enhance the security and stability of its offerings, but are excited to have such an established industry player as part of our growing ecosystem.”

Bitkeep claims to have “over 8 million users worldwide, covering 168 countries in North America, Europe, and Asia.” Besides the aforementioned network, the wallet supports 80 different blockchains and 250,000 different crypto assets. The wallet competes with defi and Web3 wallets like Metamask, which has over 10 million active users; other competitors to Bitkeep include wallets like Defi Swap, Zengo, Safepal, and Trust Wallet.

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