Bitget Wallet, a renowned non-custodial wallet, is poised to shake up the Web3 landscape with the imminent launch of its native token, BWB. The non-custodial wallet currently boasts a user base exceeding 12 million globally.

Bitget Wallet Teases BWB Launch

The platform hinted at the launch of BWB through a compelling video. Moreover, according to Wu Blockchain’s post on X, Bitget Wallet plans to deploy BWB in vampire attacks targeting mainstream Web3 wallets like MetaMask. This bold move underscores Bitget Wallet’s ambition to assert itself as a formidable player in the crypto space.

Furthermore, Wu Blockchain underscored that the iconic BWB launch could even take place within this month. The BWB crypto will feature the same pattern as the brand logo of Bitget and Bitget Wallet, according to the video posted on X. The announcement was met with optimism from Bitget Wallet’s users. Moreover, users responded to the platform’s X post and stated that they are eagerly “waiting” for the BWB launch.

The genesis of Bitget Wallet’s evolution can be traced back to March 2023 when its parent company, Bitget, a leading crypto derivatives trading platform, made a strategic investment of $30 million in BitKeep, ultimately acquiring a controlling stake. This investment catalyzed a transformative journey for BitKeep, culminating in its rebranding as Bitget Wallet in August of the same year.

Bitget, recognized as a global crypto derivatives exchange and Web3 pioneer, has consistently demonstrated its commitment to user protection. Furthermore, the release of its Protection Fund Valuation Report for December 2023 showcased a remarkable milestone, with the fund soaring to an all-time high of $424 million. This achievement not only solidifies the CEX’s position as a trusted industry leader but also underscores its dedication to fortifying users against potential risks in the volatile crypto landscape.

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BGB Price Rebounds

The Bitget Token (BGB) witnessed a significant rebound after the announcement as it had earlier registered a massive decline today. Although the BGB crypto was in the red at the time of writing, it recovered from a low of $0.8643. At press time, the Bitget Token price was down by 0.29% to $0.9011 with a market cap of $1.26 billion.

On the contrary, Bitget’s native crypto recorded a surge of 38.12% in the 24-hour trading volume, reaching $49.72 million. Despite the recent slump, BGB holds a 1-month gain of over 34% owing to its gains in mid-February. Moreover, it achieved a fresh all-time high of $1.15 during that period.

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The post Bitget Wallet Gears Up To Launch Native Token — BWB appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am