Bitget Acquires BitKeep, Largest Crypto Copy Trading Platform Rebrands Non-Custodial Wallet
Bitget, the world’s largest crypto copy trading platform, has acquired BitKeep, a non-custodial wallet, and announced that it will rebrand the wallet to Bitget Wallet. The move comes after a $30 million fundraising, and is part of the 2023 roadmap of the multi-chain wallet that includes restructuring its management team and strengthening its security system.
Bitget Becomes the Largest Stakeholder of BitKeep
Bitget’s investment in BitKeep makes it the largest stakeholder of the platform. It plans to extend the exchange’s range of services, and also use its expertise in building a robust crypto trading platform to upgrade the security infrastructure of BitKeep. Furthermore, the integration will also allow users of BitKeep to be protected by the $300 million Bitget User Protection Fund in case of any security threats.
BitKeep Rebranding to Deliver Uniform Visual Presence
BitKeep is rebranding to establish a more uniform visual presence as part of the Bitget ecosystem. It aims to provide users with a safer way to store their digital assets and a more user-friendly approach to dive into the Web3 world.
This will involve working with the BitKeep team to bring the most-used DeFi features, swap, NFT marketplace, and dApps, to the millions of users in the Bitget ecosystem.
Management Restructuring and Security Upgrades
Kevin Como, Co-founder at BitKeep, will be stepping down as CEO of the company. Karry Cheung, the current Chief Product Officer (CPO) at BitKeep, will be promoted as the new CEO. Several talents from Bitget will also join the BitKeep R&D and security team to improve the service stability and security of the non-custodial wallet.
BitKeep has also implemented multiple measures to strengthen its security infrastructure. This includes a more stringent pre-release review process, partnerships with security auditing firms like Certik, the inclusion of MD5 verification for APK packages, and the support of hardware wallet providers like KeyStone.
“We are more confident in competing in the global market, reaching higher as more quality services and features are introduced – all in our endeavour to redefine what it means to serve as the ultimate portal into the Web3 space,” said Moka Han, Chief Operating Officer at BitKeep.
BitKeep has also fully compensated all the eligible users affected by the security incident last December.
Established in 2018, Bitget is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. It also inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.
This blog post is intended to provide general information about investing in cryptocurrencies and is not intended to constitute financial advice. All investors should seek professional financial advice from a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies is a high risk investment and should only be done after you have researched the topic yourself and understand the risks associated with investing in such assets.