BITGET CRYPTO EXCHANGE WALLET WITNESSES 300% GROWTH IN MENA WITH EGYPT AND KSA LEADING
Bitget Wallet, an integral component of the Bitget crypto exchange, has experienced an impressive surge of 300% in growth across the MENA region over the past month, with Egypt and Saudi Arabia leading the charge. As a full-stack Web3 multi-chain trading wallet, Bitget Wallet offers a comprehensive suite of services including Swap, NFT Marketplace, Dapp browser, launchpad functionality, and staking services.
Egypt and Saudi Arabia have emerged as key markets for Bitget Wallet, ranking among the top 15 countries globally for Bitget wallet downloads. Sam A Spiers, Regional Director for Bitget MENA, emphasized the significance of non-custodial wallets in providing freedom and security for Web3 and crypto enthusiasts, attributing the growing interest and adoption of crypto in the MENA region to the popularity of Bitget Wallet.
Bitget Wallet boasts a wide range of DeFi services and innovative features aimed at enhancing the trading experience for users. These include market analytics tools, smart money features for informed trading decisions, integrated inscriptions tools, and a Web3 task platform. The wallet supports cross-chain transactions for over 40 mainnets and aggregates data from numerous DEXs and cross-chain bridges to offer optimal trading routes.
Security is paramount for Bitget Wallet, which employs robust encryption algorithms and a US$400 million Protection Fund shared with Bitget Exchange to safeguard user assets and transactions. The wallet also integrates advanced security features under its "GetShield" security array, including MPC technology, proactive DApp and token risk alerts, and regular smart contract audits.
Alvin Kan, Chief Operating Officer of Bitget Wallet, emphasized the company's commitment to prioritizing security and building a sustainable Web3 project. Bitget's growth in the MENA region is aligned with market trends, with crypto wallets accounting for a significant portion of sales in the cryptocurrency market. The increasing adoption of cryptocurrency and acceptance of crypto payments by retailers further underscore the importance of crypto wallets in the digital payment landscape.
Bitget's expansion in the MENA region has been accompanied by a surge in trading volumes, with the company witnessing a growth of 500% in trading volumes since November 2023. With 2.5 million users from the MENA region, Bitget is actively seeking licensing opportunities in the UAE or Bahrain, reflecting its commitment to serving and growing its presence in the region.
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