Emerging markets use cryptocurrency wallets for everyday payments more than developed regions, a recent Bitget Wallet report shows. A survey of 4,599 users shows Southeast Asia, South Asia, and Africa mainly use crypto wallets to send funds.

These regions often face limited access to traditional banking, making crypto a practical alternative.

In contrast, users in Europe mainly use crypto wallets for trading, with over 40% citing this as their primary activity. North America and East Asia showed balanced crypto trading and transfers, with East Asia leading in long-term holdings at 43%.

Bitget's CEO, Gracy Chen, highlighted the significant shift in user behaviour, noting that wallets are evolving beyond trading tools into integral parts of broader financial ecosystems.

Plans are underway to make wallets more accessible for users who are new to cryptocurrencies and not traditional traders.

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