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MetaMask Reportedly Adding Native Bitcoin Support

The rollout could come as soon as next month.
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May 22, 2024 • 1 min read

MetaMask, Ethereum’s reigning wallet giant, is exploring native Bitcoin support, CoinDesk reports – citing sources familiar with the matter.

What's the scoop?

  • CoinDesk's source said the Bitcoin integration could launch as early as June 2024. Another source said MetaMask was still working to finalize feature ideas.
  • “While we can't confirm any timeline for specific developments at this time, we're always working on innovations to serve our users better,” a MetaMask spokesperson told CoinDesk. “Stay tuned for further updates when we're ready to share more."

Bankless take:

Newer wallet challengers like Magic Eden Wallet and Phantom have made significant inroads lately by catering to increasingly multichain crypto users. In combination with MetaMask Snaps, MetaMask's native embrace of Bitcoin signals it’s far from ready to cede the multichain opportunity to its competitors. 

If MetaMask goes beyond BTC support and integrates additional Bitcoin token offerings like Ordinals and Runes, this could prove to be a significant catalyst to the Bitcoin ecosystem over time, as MetaMask currently boasts over 30 million monthly active users. It may also be the first of more native integrations, which could reposition MetaMask as a leading multichain wallet.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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