Bitget Wallet tops Nigeria’s app store as OKX exits market

Amaka Nwaokocha11 hours agoBitget Wallet tops Nigeria’s app store as OKX exits marketBitget Wallet’s surge in popularity among Nigerian users highlights its growing appeal in the Web3 space amid evolving digital finance trends.1681 Total views4 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksBitget Wallet has climbed to the top of Apple’s App Store charts in Nigeria, surpassing popular apps such as TikTok and WhatsApp. This rise coincides with the withdrawal of its competitor, OKX, from the Nigerian market.

In a statement sent to Cointelegraph, Alvin Kan, Bitget Wallet’s chief operating officer, revealed that it currently holds the top position in both the general and finance categories on Apple’s App Store in Nigeria. Additionally, it ranks within the top five on the Google Play Store for Android devices.Factors behind the success

According to data provided by data.ai, Bitget Wallet’s user base in Nigeria skyrocketed by an impressive 233% during June alone, emphasizing its status as the preferred choice for local crypto enthusiasts.

However, Kan explained that Bitget Wallet’s success comes from the fact that the wallet supports an extensive array of mainnets and crypto assets, facilitating asset management, token trading, non-fungible token interactions, decentralized application usage and participation in project launches via its Launchpad — all from a single, integrated platform.Bitget Wallet at the top of Apple App Store charts. Source: Bitget

“Our approach to security sets us apart,” Kan said. “We employ advanced measures such as Flashbots integration to combat maximal extractable value attacks, multiparty computation and account abstraction wallet technologies, and support for hardware wallets, bolstered by a substantial $400 million risk protection fund shared with Bitget Exchange.”User adoption surges

According to Kan, Bitget Wallet’s rapid growth in Nigeria is partly attributed to its strategic focus on emerging opportunities within The Open Network ecosystem. It leverages trends like Telegram mini-games to attract and retain users.

Related: OKX selects Malta as MiCA hub for EU crypto compliance

This localized approach has yielded remarkable results, not only in Nigeria but also in Southeast Asia, Europe and Russia, where similar upticks in user adoption have been observed.

Cointelegraph reached out to local Bitget users who shared their opinions on the wallet’s growing popularity. According to Chima Innocent, he migrated to Bitget because of its token swap feature, which allows swapping even if the user doesn’t have fast fees. Innocent said, “You can trade on any DEX [decentralized exchange] directly without typing in the DEX using the swap feature.”

While Bitget Wallet expands its footprint in Nigeria, the departure of OKX from the market signals a shift in dynamics. OKX, a prominent player in the crypto exchange sector, has opted to exit Nigeria, citing operational reasons amid regulatory uncertainties.

Despite these challenges, Bitget exchange said it remains committed to adhering to global regulatory standards and supporting its user base in Africa with a secure and compliant platform.

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