Bitget Wallet shows the expansion of the Turkish market, aiming to grow the local Web3 ecosystem

Victoria, Seychelles, November 17, 2023, Chainwire

Bitget Wallet, formerly known as BitCap Wallet, made its presence known at the DevConnector conference in Istanbul, Turkey. As the leading one-stop web3 trading wallet, Bitgate Wallet not only participated, but also played a major role as a sponsor of the Unstable Summit, a significant global stablecoin conference. In addition, they have sponsored several offline events in association with 1inch, the premier decentralized trading protocol.

Underscoring its commitment to the Turkish market, Bitget Wallet has announced its ambitious plans to expand into the Turkish market. This startup focuses on providing local Web 3 services, creating partnerships with local projects, key opinion leaders (KOLs) and communities, and launching a series of ecosystems tailored to the Turkish market, all aimed at providing unique products and services.

During the conference, Bitget Wallet representatives gave a detailed analysis of the Turkish cryptocurrency industry, believing in its development and potential. In addition, the event highlighted the positive impact on the local Web3 ecosystem and demonstrated how Bitget Wallet is a leading Web3 transaction wallet through innovative product development. In addition, they emphasized the central role of the increasingly decentralized exchange in the future of the industry.

“Turkey is a dynamic country with a rapidly growing interest in Web3,” said a Bitgate Wallet spokesperson at the conference. “Faced with high inflation and global economic uncertainty, Turkey is emerging as a major investment hub for cryptocurrencies.”

In the Turkish market, there is a strong reliance on centralized exchange (CEX) services and a growing demand for over-the-counter (OTC) trading. Bitget Wallet introduced its OTC services, which include secure and compliant payment providers such as MoonPay and Alchemy Pay, as well as Bitget P2P access. This allows Turkish users to use Lira directly in their wallets to buy and sell major cryptocurrencies such as USDT, BTC and ETH.

Contrary to CX offerings, Bitget Wallet's non-stakeholder wallet services ensure users have full control over their private keys, thereby reducing risks associated with centralized exchanges and enhancing asset security. The recently launched MPC Wallet by Bitget Wallet allows users to enjoy decentralized services without needing to know their private keys.

As a global leader in decentralized commerce, Bitget Wallet offers a trading experience on par with centralized exchanges. It supports various trading modes like flash swap, limit order and futures etc. As a robust multi-chain DEX aggregator, Bitgate Swap supports nearly 30 blockchains, strengthening and promoting liquidity from hundreds of DEXs and cross-chain bridges. New features like gas-free transactions, automatic slip adjustment and intelligent on-chain spark plug.

Beyond switching, the Bitget Wallet ecosystem offers on-chain services and DeFi solutions for over 90 major blockchains. These include NFT trading, DApp interoperability and staking, allowing users to access all aspects of the Web3 industry in one wallet.

The Turkish public's growing interest in Web3 is noteworthy, especially in new areas such as NFTs and Metaverse. The diversity and maturity of the market, combined with community and social media engagement, creates the perfect environment for Web 3 growth. “In the future, our services will be available in different modes for transaction performance and value preservation, including GameFi and SocialFi,” Bitget Wallet emphasized.

According to on-chain data, Bitget Swap is consistently ranked among the top ten DeFi projects in terms of transaction volume and number of active users, often in parallel and occasionally on platforms like MetaMask. User feedback globally shows a strong preference for exchange transactions, especially for a smoother transaction experience.

Bitget Wallet representatives confirmed their commitment to the global crypto market and the Turkish market in their closing remarks.

Serving more than 12 million users worldwide, Bitgate Wallet is one of the ten most popular crypto hot wallets worldwide – its download numbers were the fourth highest globally last October. Our visit to Turkey not only allowed us to make many local contacts, but also allowed us to gain a deeper understanding of this market, which highlights Turkey's significant role in the crypto world. We are committed to supporting the local crypto economy and builders, collaborating with ecosystem partners, exploring the Turkish market and growing the global crypto ecosystem together.

About Bitget Wallet (Web3 Business Wallet)

Formerly known as BitCap, Bitget Wallet is Asia's largest and global leader in all-in-one Web3 multi-chain wallets. We provide on-chain products and DeFi services to our users, including wallet functionality, swap feature, NFT trading, DApp browsing and more.

With a 5-year legacy, Bitget Wallet has won the acclaim of more than 12 million users worldwide and has partnered with prominent industry leaders such as Ethereum, BNB Chain, Arbitrum, Polygon and more. This success stems from our commitment to consistently deliver reliable and convenient products and services.

In the year In March 2023, Bitgate, a leading crypto derivatives trading platform, invested a whopping $30 million in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep rebranded itself as Biget Wallet in August, undergoing a transformative and strategic brand evolution.

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Rachel Cheng[email protected]