Bitget Wallet Tops Nigeria’s App Store as OKX Exits Market

Bitget Wallet has surged to the top of Apple's App Store charts in Nigeria, overtaking popular apps like TikTok and WhatsApp, following the exit of its competitor, OKX, from the Nigerian market.

Alvin Kan, the Chief Operating Officer of Bitget Wallet, shared with Cointelegraph that the wallet currently holds the number one spot in both the general and finance categories on Apple's App Store in Nigeria. It also ranks among the top five apps on the Google Play Store for Android devices.

The wallet’s success can be attributed to several key factors. According to data from data.ai, Bitget Wallet saw a remarkable 233% increase in its user base in Nigeria during June alone, solidifying its position as the preferred choice for local crypto enthusiasts. Kan highlighted that Bitget Wallet's success is largely due to its extensive support for multiple mainnets and a wide range of crypto assets, enabling users to manage assets, trade tokens, interact with non-fungible tokens (NFTs), use decentralized applications, and participate in project launches through its Launchpad, all within a single, integrated platform.

“Our commitment to security distinguishes us,” Kan noted, pointing out that Bitget Wallet employs advanced security measures such as Flashbots integration to mitigate maximal extractable value (MEV) attacks, along with multiparty computation and account abstraction wallet technologies. The platform also supports hardware wallets and is backed by a substantial $400 million risk protection fund shared with Bitget Exchange.
Kan also attributed Bitget Wallet's rapid growth in Nigeria to its strategic focus on emerging opportunities within The Open Network ecosystem, leveraging trends like Telegram mini-games to attract and retain users. This localized approach has driven significant user adoption not only in Nigeria but also in Southeast Asia, Europe, and Russia.

Meanwhile, OKX's exit from the Nigerian market, due to operational challenges amid regulatory uncertainties, marks a significant shift in the market landscape. Despite these challenges, Bitget Exchange has reaffirmed its commitment to adhering to global regulatory standards and supporting its user base in Africa with a secure and compliant platform.


Source >> https://cointelegraph.com/news/bitget-wallet-nigeria-app-store-okx-exit