Bitget Wallet Reaches 100M Users as Payments Surpass Trading

What happened

Bitget Wallet announced it now has over 100 million users, and for the first time daily payments using the wallet exceeded daily trading activity as stablecoins became more popular for everyday transactions.

Confirmed

Global impact / market context

The shift shows that crypto wallets are being used more like traditional payment apps, which could increase revenue from transaction fees and attract more merchants to accept stablecoins, expanding the overall crypto ecosystem.

Analyst inference

Stablecoins are gaining acceptance as a low‑volatility digital cash alternative, prompting other platforms to enhance payment features; this trend may boost overall crypto adoption and influence how investors allocate to wallet and payment service providers.

Analyst inference

What to watch

1. Growth in daily payment volume versus trading volume on Bitget and competing platforms, indicating whether the payment shift is sustainable. Proposed
2. Regulatory developments around stablecoins, which could affect their usability for everyday payments and impact wallet user growth. Proposed
3. Partnerships between crypto wallets and merchants or payment networks, which would expand stablecoin acceptance and drive further user adoption. Proposed

Evidence

• catenaa.com