Boom in Crypto Wallet Use: Emerging Markets Lead the Charge

Holy blockchain, Batman! The Bitget Wallet just dropped a report that's blowing our minds. Turns out, folks in emerging markets are using their crypto wallets for everyday stuff way more than those in the cushy developed world. Who knew?

Get this: emerging markets are absolutely crushing it when it comes to using crypto in daily life. Bitget Wallet, the heroes we didn't know we needed, released this bombshell report on May 28th. They dove deep into how people around the globe are messing with their wallets, and guess what? Crypto's not just for the rich geeks anymore—it's becoming a daily tool, especially in the up-and-coming markets.

Bitget didn't mess around with this report. They polled a whopping 4,599 wallet users, slicing and dicing them into Gen Z, millennials, Gen X and beyond, and then spreading them across the world map. These brave souls spilled the beans on how they're using their Bitget Wallets.

Emerging Markets: Where Crypto Lives

Over in Europe, most peeps are still stuck on trading crypto, with more than 40% of them saying that's their jam. But hold your horses, because it's a whole different ball game in the emerging markets. Southeast Asia, South Asia, and Africa? Those regions are where the real action is. People there are using their wallets for everything, especially zapping crypto to friends and family.

Why the big difference? Well, in these emerging markets, folks often don't have easy access to banks or payment apps. That's where crypto swoops in to save the day. Plus, with lower incomes, they're all about snagging those sweet airdrop rewards.

Gracy Chen, the big boss at Bitget, says this is a game-changer. "People aren't just playing around with crypto anymore—they're living it." Bitget's not sitting on their hands either. They're planning to make their wallets even easier to use for the crypto newbies.

Listen to this from Gracy herself: "This report captures a powerful shift: wallets are no longer just an extension of the crypto ecosystem—they're becoming the new-age finance ecosystems. At Bitget, we've seen firsthand how user behavior is evolving. People aren't simply trading anymore—they're earning, exploring, and interacting directly with Web3, often starting with a wallet."

Now, let's not forget North America and East Asia. Those regions are split between trading and sending crypto, but East Asia's on another level. They're all about it, with 48% sending crypto and 47% trading. And get this—they're also the champs at holding onto their crypto for the long haul, with 43% of them playing the patience game.