Bitget Wallet Launches Ambitious Expansion into Turkey Market to Bolster Web3 Ecosystem


Victoria, Seychelles, November 17th, 2023 – Chainwire reported that Bitget Wallet, formerly known as BitKeep Wallet, made its presence felt at the Devconnect Conference in Istanbul, Turkey. It is renowned as a leading all-in-one Web3 Trading Wallet and was a Sponsor of the UnStable Summit, a significant stablecoin global summit. Bitget Wallet also co-sponsored several offline events along with 1inch, an industry leader in decentralized trading protocols.

Highlighting its commitment to the Turkish market, Bitget Wallet unveiled an ambitious plan to expand into new markets. This initiative focuses on localized Web3 services that foster partnerships between local projects, KOLs and communities. It also launches tailored ecosystem activities for each community.

At the conference, representatives of Bitget Wallet provided a detailed report on Turkey’s cryptocurrency industry, acknowledging its development and potential. The event had a positive impact on the local community, as Bitget Wallet showcased its eco-system through innovative product development. They also highlighted the increasingly central role of decentralized exchanges in the industry’s future.

A spokesperson for Bitget Wallet remarked, “Turkey is a dynamic country with a rapidly growing interest in Web3. Facing high inflation and global economic uncertainties, Turkey is emerging as a significant investment hub for cryptocurrencies.”

In the Turkish market, there is a strong reliance on centralized exchange (CEX) services and a burgeoning interest in over-the-counter (OTC) trading. Bitget Wallet is integrated into its OTC services and users can directly use lira in the wallet to buy and sell mainstream cryptocurrencies such as USDT, BTC and ETH.

Bitget Wallet’s non-custodial wallet services, which contrast with CEX offerings, ensure users have complete control over their private keys, thereby reducing the risks associated with centralized exchanges and enhancing asset security. The company recently launched its MPC wallet which provides access to decentralized services using the private key.

As a global leader in decentralized trade, Bitget Wallet provides a trading experience comparable with that of centralized exchanges. It supports multiple trading modes including flash swap, limit orders, futures leverage and more. It is a robust DEX multi-chain aggregator that supports over 30 blockchains and consolidates liquidity across hundreds of DEXs and cross-chain bridges.

Beyond swap transactions, Bitget Wallet’s ecosystem offers a range of DeFi and on-chain solutions on more than 90 mainstream blockchains. This includes NFT trading and DApp interaction. Users can access all aspects of the Web3 through a single payment wallet.

The Turkish public’s growing interest in Web3, especially in emerging fields like NFTs and the Metaverse, combined with effective community and social media engagement, provides a fertile ground for Web3 development. Bitget Wallet emphasized that, in the future, its services will be available in various scenarios including GameFi and SocialFi for transaction execution and value preservation.

Data on the chain often shows that MetaMask is surpassed by and often paralleled with other top DeFi platforms in terms of volume of transactions and active users. User feedback from around the world indicates that swap transactions are preferred, primarily due to their smooth experience.

In their final remarks, Bitget Wallet representatives reaffirmed their commitment to the global crypto market as well as the Turkish market: “Serving over 12 million users globally, Bitget Wallet is one of the top ten most popular crypto hot wallets worldwide – the download numbers were the fourth highest globally last October. Our visit to Turkey not only allowed us to make many local connections but also to gain a deep understanding of this market, underscoring Turkey’s significant role in the cryptocurrency world. We are dedicated to supporting the local crypto economy and builders, collaborating with ecosystem partners, deeply exploring the Turkish market, and collectively enhancing the global cryptocurrency ecosystem.”

Bitget Wallet, formerly BitKeep (also known as BitKeep), is Asia’s largest and global frontrunner among all-in-one Web3 multi-chain wallets. It offers a comprehensive range of on-chain products and DeFi services to its users, including wallet functionality, Swap feature, NFT trading, DApp browsing, and more.

In March 2023, Bitget, a leading crypto derivatives trading platform, made a significant $30 million investment into BitKeep and acquired a controlling stake. Following this strategic move, BitKeep underwent a transformational and strategic brand development in August, officially rebranding as Bitget Wallet.

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Rachel Cheung
[email protected]

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