• Solana DEX aggregator Jupiter has acquired self-custody wallet firm Ultimate Wallet
• Jupiter is making a mobile push with a beta slated for May
• Jupiter aims to onboard millions more users to its platform through this mobile expansion and acquisition
Solana DEX aggregator Jupiter announced on Tuesday that it has acquired the self-custody crypto wallet firm Ultimate Wallet. This acquisition is part of Jupiter’s plan to expand into the mobile market and onboard millions of new users.
Jupiter Acquires Ultimate Wallet
Jupiter said acquiring Ultimate Wallet will help with its mobile strategy, calling it “one of the best DeFi mobile apps.” Jupiter plans to “leverage their technology and team to turbocharge Jupiter Mobile.”
Ultimate Wallet also confirmed the acquisition on social media. They said the current Ultimate app will be sunset on May 22, 2024, but users can continue using the wallet normally until then.
Jupiter Mobile Beta Launching in May
Along with the acquisition announcement, Jupiter revealed its mobile product is nearing launch. Jupiter said its initiative to onboard “tens of millions of users” on mobile is beginning and will be in beta in May.
Jupiter Seeks Mainstream Mobile Users
The Solana DEX aggregator appears to be positioning itself to take advantage of the growing mobile crypto market. By acquiring Ultimate Wallet and launching its own mobile product, Jupiter aims to bring millions of mainstream users into its ecosystem.
Conclusion
The acquisition of Ultimate Wallet demonstrates Jupiter’s commitment to dominating the mobile DEX aggregator space. With the beta launch imminent in May, we should soon find out if the company’s mobile efforts successfully bring tens of millions of new users to Solana.
