Bitget, the largest crypto copy trading platform, has announced a $30m investment into the decentralised multi-chain wallet BitKeep, becoming its controlling stakeholder. The deal will allow the exchange to extend its range of services, while also supporting BitKeep in enhancing the stability and security of its offerings.
It’s also aimed at helping both companies leverage their strengths and collaborate on linking decentralised finance (DeFi) and centralised finance (CeFi).
The investment is beneficial for both Bitget and BitKeep as they collaborate to connect DeFi and CeFi, leveraging their respective strengths. The integration of BitKeep Wallet with Bitget’s business domain will enhance the exchange’s product offering and expand its business into the wallet sector, providing native storage and asset management services. Furthermore, BitKeep’s substantial user base of over 8 million in 168 countries will enable Bitget to tap into a new pool of potential clients. Additionally, BitKeep’s impressive range of services, including access to diverse DeFi protocols and NFT projects across various blockchains, will allow Bitget to transform from a prominent derivative exchange into a comprehensive and holistic exchange with a growing ecosystem, thus delving deeper into the web3 space.