Bitget wallet forms a plan to support the BTC ecosystem

According to the official press release, this move aims to support a proactive expansion in bolstering the Bitcoin ecosystem, marked by increased investments in product research and development. The primary objective is to expand trading options for users and enhance their overall asset management experience. 

Bitget Wallet provides a suite of services focused on the Bitcoin ecosystem, including support for BTC asset management, cross-chain swaps, and on-ramping for EOA and MPC wallets. Additionally, the wallet offers Taproot compatibility, enabling asset transfers for BRC-20 tokens and NFTs. Users can access insights into macro and micro market trends of the Bitcoin ecosystem on Bitget Swap, along with interacting with popular projects on the wallet's DApp browser. 

Several Bitcoin ecosystem projects, such as Unisat, ALEX Lab, LifeRestart, and Bitmap Explorer, have integrated Bitget Wallet on their official websites, streamlining user access through the integrated DApp browser. The press release further details that users can anticipate a comprehensive range of services within the Bitcoin ecosystem, including DeFi, cross-chain bridges, minting inscriptions, and BRC-20 token transactions.

What are Bitget Wallet's plans for the future? 

Future plans for Bitget Wallet revolve around focusing on the medium to long-term market prospects of the Bitcoin ecosystem, with efforts directed at enhancing technological infrastructure and product features. Key areas of increased investment include Lightning Network, Nostr and Taproot Assets, BRC-20, and ARC-20 inscriptions. 

Lightning Network will be a significant area of focus, with plans to support multiple address formats and improve asset transfer efficiency. Bitget Wallet aims to introduce asset swaps between the Bitcoin mainnet and the Lightning Network, facilitating cross-chain transactions between BTC and EVM assets on Bitget Swap. This move aims to improve opportunities for portfolio diversification and enriches trading options. Additionally, Bitget Wallet is exploring Taproot asset issuance. 

In the official press release, representatives from Bitget Wallet underscored the significance of Bitcoin in the crypto industry. They also emphasised Bitcoin's role as a benchmark of crypto value and an embodiment of the industry's innovative efforts.