Connect with us

Bitget Wallet Unveils AI Tool to Spot Crypto “Whales”

Education

Bitget Wallet Unveils AI Tool to Spot Crypto “Whales”

Bitget Wallet Unveils AI Tool: Bitget Wallet, a Web3 crypto wallet formerly known as BitKeep, has launched a new”Smart Money” feature powered by artificial intelligence. This tool tracks over 6,000 high-pe rforming crypto addresses on networks like Ethereum to
identify potential trading signals and market trends.

The cryptocurrency exchange Bitget’s wallet also summarized 2023, during
which it underwent rebranding, and its global user count exceeded 12 million.

The Smart Money feature provides traders with real-time data on the activities of
historically successful crypto traders and investors, referred to as
“whales.” This includes info on the assets being traded, transaction
volumes and prices, number of holding addresses, and more.

According to Bitget Wallet’s COO, Alvin Kan, the goal is to “empower users to
preemptively discern market trends, promptly uncover investment opportunities,
and consequently bridge the gap between ordinary investors and Smart
Money.”

The wallet plans to expand the feature to additional blockchains, such as BNB Chain,
Solana, Polygon, and Avalanche. Bitget Swap, the wallet’s built-in DEX
aggregator, already supports trading on nearly 30 networks.

Kan highlighted the importance of intelligent market data for discovering new
assets and trends early. He stated the wallet aims to provide users with
“a rich selection of on-chain assets and robust on-chain trading services,
enabling them to seize these new opportunities.”

Bitget Wallet’s 2023 in Recap

Bitget acquired a controlling stake in the wallet, formerly known as BitKeep, for $30
million in March 2023
. The rebrand to Bitget Wallet took place in August as
part of a broader integration with the Bitget crypto derivatives exchange to
bridge CeFi and DeFi.

READ ALSO:  Can Institutions Afford to Ignore Crypto Any Longer?

The post on Bitget Wallet’s blog additionally featured a summary of the entire year 2023. In the
last 12 months, Bitget Wallet introduced an enterprise-grade multi-party
computation “keyless” wallet, offering users secure and convenient
Web3 services. Bitget Wallet now supports hardware wallet connections for
private key control and regularly undergoes security audits.

The user base of the wallet exceeded 12 million, and in Q4 2023, it was the fourth most
popular among other crypto wallets in terms of downloads.

“We will continue to enhance product capabilities and deliver high-quality on-chain
asset services, assisting users in their Web3 exploration journey,” Kan
concluded.

The Bitget exchange further summarized its 2023, noting an increase in user base by 12
million new traders
and achieving an increase of 94% in spot volumes.

At the end of last year, it unveiled a plan focusing on product research, development, and
increased investments.

READ ALSO:  What’s next for Binance’s Changpeng “CZ” Zhao

 

Bitget Wallet, a Web3 crypto wallet formerly known as BitKeep, has launched a new
“Smart Money” feature powered by artificial intelligence. This tool
tracks over 6,000 high-performing crypto addresses on networks like Ethereum to
identify potential trading signals and market trends.

The cryptocurrency exchange Bitget’s wallet also summarized 2023, during
which it underwent rebranding, and its global user count exceeded 12 million.

The Smart Money feature provides traders with real-time data on the activities of
historically successful crypto traders and investors, referred to as
“whales.” This includes info on the assets being traded, transaction
volumes and prices, number of holding addresses, and more.

According to Bitget Wallet’s COO, Alvin Kan, the goal is to “empower users to
preemptively discern market trends, promptly uncover investment opportunities,
and consequently bridge the gap between ordinary investors and Smart
Money.”

The wallet plans to expand the feature to additional blockchains, such as BNB Chain,
Solana, Polygon, and Avalanche. Bitget Swap, the wallet’s built-in DEX
aggregator, already supports trading on nearly 30 networks.

Kan highlighted the importance of intelligent market data for discovering new
assets and trends early. He stated the wallet aims to provide users with
“a rich selection of on-chain assets and robust on-chain trading services,
enabling them to seize these new opportunities.”

Bitget Wallet’s 2023 in Recap

Bitget acquired a controlling stake in the wallet, formerly known as BitKeep, for $30
million in March 2023
. The rebrand to Bitget Wallet took place in August as
part of a broader integration with the Bitget crypto derivatives exchange to
bridge CeFi and DeFi.

READ ALSO:  Holding Medical Professionals Accountable: Legal Recourse for Inaccurate Diagnoses in Nigeria

The post on Bitget Wallet’s blog additionally featured a summary of the entire year 2023. In the
last 12 months, Bitget Wallet introduced an enterprise-grade multi-party
computation “keyless” wallet, offering users secure and convenient
Web3 services. Bitget Wallet now supports hardware wallet connections for
private key control and regularly undergoes security audits.

 

#Bitget #Wallet #Unveils #Tool #Spot #Crypto #Whales

Source link

Continue Reading
Advertisement
You may also like...

More in Education

To Top