On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from the crypto derivatives platform Bitget. Bitkeep now has an overall valuation of $300 million, with goals aimed at strengthening the links between decentralized finance (defi) and centralized finance (cefi).
Crypto derivatives exchange Bitget has announced that it has invested $30 million in the multichain wallet company Bitkeep, making it the startup’s controlling stakeholder.
Bitget detailed on Wednesday that the wallet will gain access to the exchange’s technology and security features. Bitkeep is a multichain wallet that allows users to connect to various defi applications and non-fungible token (NFT) projects.
Bitkeep wallet users can access blockchains like Bitcoin (BTC), Solana (SOL), Fantom (FTM), Polygon (MATIC), Tron (TRX), Heco (HT), Ethereum (ETH), Binance Smart Chain (BSC), and OEC (OKT). The wallet managed to raise $15 million in May 2022 in a finance round led by Dragonfly Capital with participation from Kucoin Ventures, A&T Capital, Foresight Ventures, Sevenx, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, and YM Capital.
Bitkeep claims to have “more than 8 million users worldwide, covering 168 countries in North America, Europe, and Asia.” Besides the aforementioned networks, the wallet supports 80 different blockchains and 250,000 different types of crypto assets.
The wallet competes with the likes of defi and Web3 wallets like Metamask, which has over 10 million active users. Other Bitkeep competitors include wallets like Defi Swap, Zengo, Safepal, and Trust Wallet.