As part of its strategy to bolster mobile capabilities and attract a multitude of new users, Jupiter has acquired Ultimate Wallet. According to Jupiter’s announcement, the integration of Ultimate Wallet signals the commencement of its mobile initiative, scheduled for beta testing in May.
The company intends to merge Ultimate Wallet’s technology and team into its mobile platform, Jupiter Mobile, to expedite its evolution and enhance user experience.
“We’re thrilled to announce that Ultimate, along with our mobile team, has been acquired by Jupiter, the premier exchange on Solana,” confirmed Ultimate Wallet in the announcement.
The company reassured users of the safety of their funds and furnished details regarding the transition, including the sunset date for the current Ultimate app, set for May 22nd.
The acquisition of Ultimate Wallet aligns with Jupiter’s objective to broaden its user base and improve its mobile services, indicating continued growth in the decentralized finance (DeFi) sector.
In February, Jupiter distributed its JUP token via airdrop to numerous investors who utilized its aggregator tools. JUP has since become Solana’s primary decentralized exchange (DEX) coin.
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