Solana DEX Aggregator Jupiter Acquires Ultimate Wallet to Drive Mobile Expansion
Crypto News

Solana DEX Aggregator Jupiter Acquires Ultimate Wallet to Drive Mobile Expansion

1m
Created 3w ago, last updated 3w ago

Jupiter, the Solana-based decentralized exchange (DEX) aggregator, revealed its acquisition of self-custody crypto wallet firm Ultimate Wallet on Tuesday.

Solana DEX Aggregator Jupiter Acquires Ultimate Wallet to Drive Mobile Expansion
Jupiter, the Solana-based decentralized exchange (DEX) aggregator, revealed its acquisition of self-custody crypto wallet firm Ultimate Wallet on Tuesday. In an announcement, Jupiter stated that its "mobile initiative to onboard tens of millions of users is beginning" and is set to enter beta testing in May. The acquisition of Ultimate Wallet aligns with Jupiter's mobile strategy, as the company aims to leverage the expertise and technology of Ultimate Wallet to enhance its own mobile offering.
Ultimate Wallet also confirmed the acquisition on X, stating that Jupiter, recognized as Solana's leading exchange, has taken over their mobile team. They assured users that their funds are safe and that they can continue using the wallet normally until May 22nd, 2024, when the current Ultimate app will sunset.

Jupiter's move to acquire Ultimate Wallet signifies its commitment to expanding its reach and improving the user experience for mobile users. By integrating the capabilities of Ultimate Wallet's DeFi mobile app, Jupiter aims to accelerate the development of Jupiter Mobile, its mobile platform.

Solana, known for its high throughput and low fees, has witnessed significant growth in the decentralized finance (DeFi) space. Jupiter's acquisition of Ultimate Wallet positions the DEX aggregator to tap into this growing market and attract a broader user base by offering a seamless and user-friendly mobile experience.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
3 people liked this article