In a significant move for the cryptocurrency landscape in Bangladesh, Bitget Wallet has announced the expansion of its Bank Transfer feature, allowing users to seamlessly convert stablecoins into Bangladeshi Taka (BDT). This development comes via partnerships with strategic licensees, facilitating direct fund transfers to leading mobile financial services such as bKash and Nagad, which are widely used in the region.
With this new feature, users can convert popular stablecoins like USDT and USDC into local currency, thereby linking digital assets to Bangladesh’s mobile financial services ecosystem. As of early 2026, the mobile financial sector in Bangladesh boasts over 238 million accounts among its approximately 174 million citizens. Daily transaction volumes within this ecosystem exceed $260 million, highlighting the critical role mobile payment platforms play in everyday financial activities.
Alvin Kan, COO of Bitget Wallet, emphasized the importance of mobile-first financial services in Bangladesh, stating, “By connecting stablecoins with widely used platforms such as bKash and Nagad, we are making it easier for users to move between onchain assets and local payment systems.” The feature aims to facilitate common transactions, including sending money to family and friends, cashing out stablecoin earnings, and converting crypto holdings into local currency for daily expenses.
Traditionally, users in emerging markets have relied on peer-to-peer marketplaces for converting cryptocurrency into local currency, a process fraught with counterparty risks and pricing inconsistencies. In contrast, Bitget Wallet’s integrated payout channels offer a straightforward path for conversion, allowing for local fund access without the need for manual matching or third-party intermediaries.
This launch in Bangladesh aligns with broader trends in mobile-first finance and stablecoin utilization globally. The country ranked 14th in the Global Crypto Adoption Index, largely due to its retail payment and value-preservation applications. Stablecoins now represent about 30% of global on-chain transaction volume, indicative of their increasing role in practical financial operations, including remittances and cross-border transactions.
The introduction of the Bank Transfer feature follows earlier integrations in Nigeria and Mexico and is part of Bitget Wallet’s ongoing efforts to establish a global PayFi network that connects onchain assets with local financial infrastructures. By integrating stablecoins into regional payment frameworks, Bitget Wallet is actively contributing to the expansion of practical cryptocurrency use in emerging markets.
Bitget Wallet is designed to simplify, secure, and enhance the usability of cryptocurrency in everyday life. It serves a user base of over 90 million globally through an all-encompassing platform that facilitates sending, spending, earning, and trading crypto and stablecoins via a blockchain-based structure. The app ensures faster, borderless finance, backed by advanced security measures and a $300 million user protection fund. As a fully self-custodial wallet, Bitget Wallet does not manage user funds, private keys, or data, ensuring transactions are executed securely on public blockchains.
