Bitget Wallet Bets On BTC Ecosystem, Announces New Swap Features Between Bitcoin And Lightning Network

2024 is truly poised to be a promising year in crypto history. With the approaching Bitcoin halving and BTC Spot ETFs approval on the horizon, more and more platforms are realizing just how pivotal 2024 is going to be for the mass new user onboardings on crypto platforms. 

As the amount of people interested in owning and trading digital currencies continues to grow, so will the demand for the most user-friendly and efficient options on the market.

Bitget Wallet (formerly BitKeep Wallet) has just announced a comprehensive support and development plan for the BTC Ecosystem support expansion with increased investments in the areas of product research and development. Known for their dominance in copy trading amongst the Gen Z who make up over 44% of their entire copy trading user base and making profit over 85% of cases, Bitget has always recognized the importance of bringing more trading options to users and making their experiences as user friendly and safe as possible. 

Bitget Wallet already provides a range of services centered around the Bitcoin ecosystem, including providing support for BTC asset management, cross-chain swaps, and on-ramping for EOA and MPC wallets. The Wallet also offers Taproot compatibility together with asset transfers for BRC-20 tokens and NFTs. Additionally, users can currently gain insights on overall market trends of the Bitcoin ecosystem on Bitget Swap, as well as interact with popular projects on Bitget Wallet’s DApp browser.

An increasing number of Bitcoin ecosystem projects are already integrating Bitget Wallet on their official websites, such as Unisat, ALEX Lab, LifeRestart, and Bitmap Explorer, which are all featured on Bitget Wallet’s integrated DApp browser for ease of user access. Users can expect to access a whole range of services within the Bitcoin ecosystem, including DeFi, cross-chain bridges, minting inscriptions, and performing BRC-20 token transactions.

Additionally, Bitget Wallet is planning on introducing asset swaps between the Bitcoin mainnet and the Lightning Network to support cross-chain transactions between BTC and EVM assets on Bitget Swap, enhancing opportunities for portfolio diversification and enriching trading options. Taproot asset issuance will also be another area of exploration for Bitget Wallet, underscoring the platform’s proactive adaptability and passion for embracing emerging technologies.

Alvin Kan, Chief Operating Officer of Bitget Wallet, emphasizes the significance of Bitcoin, stating, “As the fundamental cornerstone of the Crypto industry, Bitcoin is not only seen as an undisputed benchmark of crypto value, but also represents the innovative spirit of the industry. Catalyzed by the introduction of the BRC-20 and Ordinals protocols, together with the imminent halving next year, the Bitcoin ecosystem is set to be a prominent player in shaping the overall trajectory of the Web3 world.”

As a world-leading Web3 trading wallet, Bitget Wallet has been committed to providing users with a wide range of assets, powerful trading features, and seamless trading experiences throughout its five-year legacy. “As the Bitcoin ecosystem continues to grow, we aim to emerge as a key player, introducing stronger and more seamless ways for users to manage and grow their assets in the Bitcoin ecosystem, ” Kan stated.

Expanding the support for the BTC ecosystem in 2024 is a crucial step for web3 wallets as it enables seamless integration of Bitcoin into decentralized applications and platforms. This move plays a significant role in attracting new users as it facilitates a user-friendly and accessible environment for individuals to engage with digital assets and participate in the cryptocurrency ecosystem. Furthermore, by offering extensive support for BTC, web3 wallets can cater to the growing demand for Bitcoin adoption and encourage broader participation in the decentralized finance space.