Bitget Wallet closes gap with Binance in download rankings: report

Bitget revealed that its native wallet has surpassed 40 million users, which represents a growth of more than 100% since March 2024. This brought the platform close to Binance, making it the second largest crypto application most downhill in the world

In fact, Bitget Wallet recorded 6 million downloads in September alone.

In a recent blog post, Bitget attributed its growth this year to several key factors, including its integration with the TON and Telegram ecosystem. The team said the integration allowed users to access wallet services directly through the social media messaging application, creating a more streamlined connection between traditional Web2 platforms and the evolving Web3 space.

In the third quarter, TON chain addresses increased by 4866%. In addition, Bitget revealed that it is witnessing rapid user growth in emerging markets such as Africa, South Asia and the Middle East, with some regions experiencing increases of up to 413%.

While Bitget Wallet is experiencing significant growth, Binance’s crypto app topped the chart with 9.9 million downloads for the month despite facing significant regulatory hurdles.

Binance had previously dominated the crypto and fintech download charts during the bull market of 2024. In the first quarter, the platform’s mobile app, with trading and Web3 features, accumulated more than 6.3 million downloads.

More recently, the release of former CEO Changpeng ‘CZ’ Zhao appears to have sparked growing interest in the platform, while anticipation for “Uptober” added another boost to its download numbers.

The same cannot be said of his dominance, which has declined noticeably. As recently reported by CryptoPotato, Binance’s spot market share fell to 27% in September, a level not seen since January 2021. The exchange also saw a decline of nearly 23% in spot trading volume, which fell to $344 billion, marking the lowest monthly total. from November 2023.

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!