$30M Gets Bitget Controlling Shareholder Rights Over BitKeep

  1. Bitget announces a $30 million investment to acquire more shares of BitKeep.
  2. Investments spur from such convergences within the industry. 
  3. Bitget is now the controlling shareholder for BitKeep crypto wallet.

Bitget, the cryptocurrency exchange and digital asset platform, has just made a major purchase. The platform has spent $30 million investment in the crypto wallet BitKeep. It did so to become the major shareholder to maintain controlling power over the crypto wallet.

According to the tweet above, Wu Blockchain highlights how this is a significant investment for the crypto and blockchain industry. Specifically, the account says this shows how investment and convergence by renowned crypto exchanges is steadily accelerating.

In detail, Bitget, a global cryptocurrency exchange, has invested $30 million in BitKeep, a decentralized multi-chain wallet. The investment makes Bitget the controlling stakeholder of BitKeep, and the merger of the two companies will allow Bitget to expand its range of services while supporting BitKeep in enhancing the stability and security of its offerings.

BitKeep provides non-custodial wallet, swap, and NFT marketplace services to over 8 million users across 168 countries, supporting 90 mainnet networks and over 250,000 types of assets across more than 20,000 dApps. 

To highlight, the investment is part of Bitget’s new strategy to connect CeFi and DeFi and transform from a leading derivatives exchange to a comprehensive platform with its own thriving ecosystem. 

From the responses to the tweet, the crypto community is excited to see how the crypto industry continues to gain traction. In particular, it is good to see how crypto companies are working with each other to improve the state of the crypto sector as a whole.

One response talks about how crypto wallets will be the next narrative for the crypto industry. To specify, the response talks about how it will follow after ZK, L2, AI, and LSD. All the cooperation between these projects is what will likely spark the next anticipated crypto and Bitcoin bull run.

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A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.