Bitget Wallet Surges in Popularity in Japan, Becomes Second Most Used After MetaMask

Bitget Wallet has made significant strides in Japan’s cryptocurrency market, recently becoming the second most popular wallet after MetaMask. This growth comes after a notable expansion in the second quarter of 2024, where user adoption increased by over 34%. According to an announcement shared with Cointelegraph, key drivers behind this surge include the introduction of the Bitget Wallet Token (BWB), which has resonated well with Japanese users.

Despite this success, the Chief Operating Officer of Bitget Wallet, Alvin Kan, acknowledges that the usability of Web3 wallets remains a major challenge for mass adoption of cryptocurrencies. He emphasized that wallets like Bitget and MetaMask form the backbone of Web3 infrastructure by allowing users to safely manage their assets. However, he pointed out that the experience of using these wallets can often be complicated, which discourages potential users from fully engaging with blockchain technology.

Additionally, Bitget Wallet is not just a storage solution; it offers advanced features such as a decentralized exchange (DEX), an NFT marketplace, and an Inscription platform. The wallet is claimed to be the industry’s first cross-chain wallet, simplifying transactions across multiple blockchain networks. As the push for better user experiences continues, other wallet providers are also seeking to ease these friction points. Coinbase, for instance, recently introduced a smart wallet with enhanced user-friendly features. The evolution of wallet technology will be essential in attracting a broader audience to the cryptocurrency space.