Bitget Report Highlights Emerging Markets as Leaders in Everyday Crypto Wallet Adoption

A recent Bitget Wallet report reveals that cryptocurrency wallets are increasingly serving as primary banking tools in emerging markets, outpacing developed economies in daily crypto usage. The study, which surveyed 4,599 users globally, found that over 40% of European respondents primarily use wallets for transactions, while developing regions show higher adoption for practical, day-to-day financial activities. This trend underscores the growing role of digital assets in bridging financial gaps in underserved economies.

Emerging Markets Drive Everyday Crypto Wallet Usage, Bitget Report Reveals

Cryptocurrency wallets are becoming the de facto banks in emerging markets, according to a new Bitget Wallet report. The study highlights a stark contrast in usage patterns between developed and developing economies, with the latter leading in practical, day-to-day crypto applications.

Surveying 4,599 users across generations and regions, Bitget found that over 40% of European respondents primarily use wallets for trading. In contrast, Southeast Asian, South Asian, and African users leverage crypto wallets for diverse transactions—particularly peer-to-peer payments—at significantly higher rates.

The trend underscores crypto’s role in financial inclusion. Emerging markets, often plagued by unreliable banking infrastructure, are adopting digital assets as functional alternatives for routine transactions. This grassroots adoption could signal the next phase of cryptocurrency evolution—moving beyond speculative trading to become embedded in daily economic life.

Bitget Expands Stablecoin Offerings with Ripple USD (RLUSD) Listing

Bitget has bolstered its stablecoin portfolio by adding Ripple USD (RLUSD) to its spot trading platform. The move underscores the exchange’s commitment to providing high-utility digital assets amid growing institutional demand for compliant solutions.

RLUSD, a USD-backed stablecoin issued by Ripple’s NYDFS-chartered trust company, operates on both XRP Ledger and ethereum networks. Its segregated fiat reserves and regulatory clarity position it as a preferred choice for enterprise blockchain applications.

The listing reflects Bitget’s strategic focus on assets that bridge traditional finance and Web3 ecosystems. "This partnership with Ripple accelerates crypto adoption through regulated, institutional-grade solutions," the exchange noted, highlighting RLUSD’s unique compliance framework among stablecoins.