Bittime - Want to trade cryptocurrency but it's complicated with desktop applications? Good news for you! Jupiter, the leading trading platform on the Solana blockchain, recently acquired Ultimate Wallet and released an app for mobile devices.
This move marks the start of Jupiter's mobile initiative, which aims to make it easier to buy and sell crypto assets via mobile devices. The Jupiter mobile application is currently planned to enter the beta testing stage next May.
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With this acquisition, Ultimate Wallet's technology and team will be integrated into Jupiter Mobile. This is expected to speed up application development and improve user experience.
Also read: Free Jupiter Airdrop (JUP): Latest Mechanism and Guide
"Our goal is to attract tens of millions of new users through the Jupiter mobile initiative," said Jupiter in its official announcement.
"With Jupiter Mobile, you can trade various cryptocurrency tokens anywhere, with just one click and without transaction fees. Even easier, preparations for the beta version are almost complete and ready to be tested in May!"
For loyal Ultimate Wallet users, no need to worry! Your funds remain safely stored. The Ultimate Wallet application can currently still be used until May 22 2024. After that, the service will be completely transferred to the Jupiter Mobile platform.
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The acquisition of Ultimate Wallet marks a big step for Jupiter to expand its user reach and strengthen its mobile services. This is also a positive signal for the rapid growth of the decentralized finance (DeFi) sector.
Also read: DEX Jupiter Helps Losing SLERF Presale Buyers
Jupiter, Solana's DeFi Leader
Apart from strategic acquisitions, Jupiter itself is currently rising as a well-known DeFi on the Solana blockchain. With a total asset value locked (TVL) of $381.49 million, Jupiter experienced impressive growth of 86% every month.
Currently, Jupiter controls about 8% of the total TVL of the Solana ecosystem. The JUP token itself has a fully diluted market capitalization of $12.5 billion.
Jupiter's popularity has also driven the growth of the Solana blockchain. Solana's SOL token, with a price increase of 630% in the last year.
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This token also managed to become the fifth largest cryptocurrency based on market capitalization. This price spike was largely driven by the booming memecoin trend.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
JUP Price Drops, But Remains Bullish in the Long Term?
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Will Jupiter (JUP) Soar Again? Crypto Analyst Discusses 13% JUP Increase
Jupiter Announces Winners of Second Round of LFG Voting: Sanctuum and UpRock
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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