Alvin Kan, chief operating officer, Bitget Wallet, on crossing 100 million users and Nigeria’s shift from trading to payments Bitget Wallet, the self-custodial crypto wallet, recently announced it has surpassed 100 million users worldwide, with daily payment users outnumbering traders for the first time in the platform’s history. Africa features among its fastest-growing markets.
ROYAL IBEH puts the following questions to Alvin Kan, chief operating officer of Bitget Wallet, on what is driving that shift and what it means for Nigerian users.
Bitget Wallet just crossed 100 million users globally, and for the first time, payments have overtaken trading. What actually changed?
So, honestly, it didn’t feel like one single moment on our end. More than half of our 100 million users are in Southeast Asia, South Asia, Africa and Latin America, and somewhere over the last year and a half, what they were doing with the wallet stopped looking like trading and started looking like banking. Our message has been clear; we want crypto to function as a solution, and as part of the users’ daily lives: getting paid into it, holding a balance in dollars or spending it.
We built the cards, the QR payments, the direct bank links mostly because users kept asking for pieces of it, and then, the data team pulled the numbers and payments had just overtaken trading.
