Bitget Wallet Sees Explosive 300% Growth in MENA Region Amid Rising Crypto Adoption

Bitget Wallet, the Web3 wallet from Bitget crypto exchange, has reported a 300% growth in the last 30 days within the MENA region, particularly in Egypt and Saudi Arabia. Bitget Wallet is an all-in-one Web3 multi-chain trading wallet that offers Swap, NFT Marketplace, Dapp browser, launchpad, and staking services. Egypt and Saudi Arabia are among the top 15 countries globally for Bitget Wallet downloads.

Sam A. Spiers, Regional Director for Bitget MENA, stated, "Non-custodial wallets lie at the center of the nexus of freedom and security that Web3 and crypto provide to their enthusiasts. Growing interest and adoption of crypto have propelled several countries in the MENA region to rank among the top for Bitget Wallet downloads."

Bitget Wallet integrates several tools to ensure cutting-edge functionality, including market analytics tools, smart money features for informed trading decisions, and an on-chain inscription tool combined with a Web3 incentivized task platform. The wallet supports cross-chain transactions on over 40 mainnets and aggregates data from hundreds of DEXs and cross-chain bridges, providing the best trading routes. Users also benefit from innovative features like gas-free transactions and slippage optimization tools, enhancing the trading experience.

It employs a unique DESM encryption algorithm and shares a $400 million Protection Fund with Bitget Exchange, ensuring the security of user assets. The "GetShield" security suite incorporates MPC technology, proactive DApp and token risk alerts, and regular smart contract audits.

Alvin Kan, COO of Bitget Wallet, emphasized safety as a priority, saying, "We initially invested $30 million to upgrade the crypto wallet experience as we evolve into the future of Web3 trading. Our GetShield security array reflects our dedication to guaranteeing user safety and a sustainable Web3 project."

Bitget Wallet's growth aligns with the global and MENA market trends, with crypto wallets now accounting for nearly 25% of overall cryptocurrency sales. Retailers are increasingly accepting crypto payments, making crypto wallets essential in the competitive digital payment world.

Last month, Bitget reported an all-time high in trading volumes in the MENA region, with a 500% increase since serving the region in November 2023. Bitget serves 2.5 million users from the MENA region, accounting for nearly 10% of its 20 million global users. The company is seeking a license in the UAE or Bahrain, according to its Managing Director.