Crypto exchange bitget invested $30 million in the BitKeep wallet at a $300 million valuation and became its controlling shareholder. This is reported in blog trading platform.
BitKeep — a decentralized multi-chain wallet with support for more than 80 networks. The partnership with the service is part of Bitget’s strategy to build an ecosystem of centralized (CeFi) and decentralized (DeFi) financial products.
As part of the deal, BitKeep will integrate with the exchange’s business domain to improve the security of the service, and Bitget will be able to provide non-custodial asset storage services.
Bitget Managing Director Gracie Chen said the move will provide new opportunities for both companies:
“We are delighted to have a recognized industry player join the growing crypto exchange ecosystem and are committed to supporting the BitKeep team to improve the quality of services provided. I am confident that the implementation of solutions from one of the most reliable exchanges with a $300 million user protection fund will strengthen the image of BitKeep in the crypto market.”
BitKeep COO Moka Khan also praised the collaboration with Bitget:
“This deal implies not only financial but also technical support of a professional team. We will get a unique experience that is necessary to improve the quality of the product, grow the business and enter new markets.”
bitget is a cryptocurrency exchange with support for spot, futures, P2P and OTC trading. The platform is actively developing services for social trading: copy trading and a platform for publishing trading ideas Bitget Insights.
Earlier, Bitget increased the guaranteed yield of Shark Fin products to 5% per annum.
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