Bitget Wallet, a self-custodial crypto wallet built for everyday finance, has surpassed 100 million users worldwide, with daily payment users now outnumbering traders for the first time in the company’s history.
Nigeria is playing a leading role in this shift. A June 2026 International Monetary Fund report found that the country accounts for about 60 per cent of all stablecoin inflows into sub-Saharan Africa since 2019, driven overwhelmingly by households and small businesses rather than institutional trading. Between July 2023 and June 2024, Nigeria also received about $59 billion in crypto asset inflows.
According to Bitget, more than half of its users are in Southeast Asia, South Asia, Africa and Latin America, where the wallet increasingly functions as a stablecoin account—a place to hold dollars and receive payments rather than a venue for speculation.
The trend is being driven by specific economic pressures. The naira lost more than 40 per cent of its value against the dollar in 2024, while conventional remittance corridors into the country still charge between 5 and 8 per cent per transfer on average.
To address the gap, the platform launched a direct bank transfer feature in Nigeria in November 2025, enabling users to convert stablecoins such as USDT and USDC into naira and settle instantly across many banking partners. The move marked one of the first attempts by a global crypto wallet to connect stablecoin payments directly to a country’s banking system at scale.
