The inclusion of a web3 wallet by Bitget Exchange points to a possible trend as exchanges adjust to decentralized services.
Bitget Exchange has made public the integration of web3 wallet services with intentions to eventually integrate decentralized exchanges, swap services, NFTs, and DAppsaction fit into an emerging pattern across exchanges.
These connections have their roots in BitKeep, which has been working to reduce barriers to entry in the blockchain field since 2018. BitKeep and other platforms embraced the decentralized nature of the Bitcoin community due to the defi boom of 2021 and the subsequent emergence of NFTs.
BitKeep has created a “wallet exchange” concept, which is a key step in the company’s growth of its service offerings following its renaming to Bitget Wallet.
The Bitget concept of offering a unified environment that enables direct access to several web3 services without requiring platform switches includes this WEX initiative, spearheaded by Bitget Swap.
Bitget Wallet’s DEX Aggregation promises users optimal trading prices by pooling liquidity from over 100 decentralized exchanges, coupled with the appeal of gas-free transactions—a move towards streamlining cross-chain transactions. Emphasizing user security, Bitget supports this union with a $300 million user protection fund.
