Solana DEX aggregator acquires Ultimate Wallet as part of mobile push

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The Block2024/04/23 16:43

By:The Block

Quick Take Solana DEX aggregator Jupiter has acquired self-custody wallet firm Ultimate Wallet, the two companies announced today. Jupiter is making a mobile push with a beta slated for May.

Solana DEX aggregator acquires Ultimate Wallet as part of mobile push image 0

Solana DEX aggregator Jupiter announced Tuesday it has acquired the self-custody crypto wallet firm Ultimate Wallet as it aims to onboard millions more users with a mobile expansion.

Along with posting news of the acquisition to X, Jupiter said its "mobile initiative to onboard tens of millions of users is beginning" and will be "ready for beta in May."

Jupiter said that acquiring Ultimate Wallet fits into its mobile strategy. It's "one of the best DeFi mobile apps, and we’re going to leverage their technology and team to turbocharge Jupiter Mobile," the company said .

Ultimate Wallet also took to X to announce Jupiter is taking over.

"We’re excited to share that Ultimate and our mobile team has been acquired by Jupiter, Solana’s leading exchange," the company said, while providing details related to the sunsetting of the crypto wallet. "The current Ultimate app will be sunset on May 22nd 2024. Up until then, you may use the wallet as normal. Of course your funds are safe."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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