Bitget invests US$30 mln in BitKeep wallet, becomes controlling shareholder

Seychelles-based cryptocurrency exchange Bitget said it has invested US$30 million in decentralized multi-chain wallet BitKeep to become its controlling shareholder.

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Fast facts

• The investment will let Bitget expand its range of services while supporting BitKeep to improve stability and security of its offerings, the exchange said in a statement.

• In November, Bitget announced plans to expand its workforce to 1,200 with 400 additional hires by the first quarter of 2023.

• Singapore-based BitKeep, founded in 2018, raised its valuation to US$100 million last May after a US$15 million Series A funding round led by Dragonfly Capital.

• BitKeep has over eight million users and supports 90 mainnet networks, including Bitcoin, Ethereum, BNB Chain, Polygon and Solana, according to the company.

• BitKeep suffered a cryptocurrency theft in October last year when over US$1 million in BNB tokens was stolen by an unidentified hacker.

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