Bitget Wallet says payments overtake trading

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Bitget Wallet reports 100 million users worldwide

Bitget Wallet announced on 7 July 2026 that daily payment users now outnumber traders for the first time, as the self-custodial crypto wallet passed 100 million users worldwide.

More than half of those 100 million users are in Southeast Asia, South Asia, Africa and Latin America, where customers use crypto wallets to save, get paid and spend locally.

According to Bitget Wallet, users in those regions often treat the wallet as a global stablecoin account rather than a trading app.

Bitget Wallet has issued more than 150,000 cards worldwide. The cards are available in more than 50 markets and work at more than 150 million merchants.

$31 million card spend in H1 2026

Global card spending reached $31 million in the first half of 2026, up 191% from the second half of 2025.

In emerging markets, card spend rose 416% over the same period, outpacing the global growth rate.

Across all markets, card users averaged 10 payments a month, and the average transaction size was $28.

Meanwhile, active cardholders in the US, Europe and Asia made between 10 and 14 swipes a month, while Latin America grew from a lower base.

In Nigeria, the official naira lost more than 40% of its value against the dollar in 2024. In Argentina, the peso lost a similar share.

Remittance corridors into Nigeria and Argentina still charge about 5% to 8% per transfer, and both countries rank among Bitget Wallet’s fastest-growing markets.

In Southeast Asia and South Asia, Bitget Wallet’s two largest user regions, mobile-first payment systems are already established. As a result, the company’s QR payment tools and bank transfer rails fit existing habits.

Alvin Kan, chief operating officer of Bitget Wallet, said: “The next wave of users in these markets doesn’t think of this as crypto.”

Kan said users hold a dollar balance, spend it, receive pay into it and move it across borders, with the account running onchain.

In a COO letter published on 7 July 2026, Kan reviewed the turning points that shaped Bitget Wallet over eight years.

Eight years ago, Bitget Wallet launched as a trading tool for crypto-native users. Over the last two years, the company rebuilt the product around payments infrastructure, including card issuance in 50-plus markets and QR payment rails in Southeast Asia and Latin America.

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Amelia Hartley
Amelia Hartleyhttp://www.melbourne-insider.au
Amelia Hartley is the editor of Melbourne Insider. She has spent more than a decade in Australian newsrooms covering city affairs, politics and breaking news, with a focus on how state and federal decisions land for everyday Victorians. She leads editorial standards across the publication and oversees the newsroom's daily coverage.
Amelia Hartley
Amelia Hartleyhttp://www.melbourne-insider.au
Amelia Hartley is the editor of Melbourne Insider. She has spent more than a decade in Australian newsrooms covering city affairs, politics and breaking news, with a focus on how state and federal decisions land for everyday Victorians. She leads editorial standards across the publication and oversees the newsroom's daily coverage.

Melbourne’s biggest moments, straight to you.