Ballet, a U.S.-based cryptocurrency wallet startup, announced on Wednesday its platform has reached $21 million in customer deposits. This milestone comes just one year after the wallet platform made its debut.
Founded in 2019, Ballet claims to be the first multicurrency, non-electronic, physical crypto wallet. It provides simple and elegant cryptocurrency solutions backed up by “robust and cutting-edge” technology. The company aims to boost cryptocurrency adoption to billions of users through intuitive, cutting-edge physical wallet solutions.
“Ballet’s innovative physical wallets are a one-stop solution for managing multiple cryptocurrencies on the go, in the form of a physical bearer asset. Ballet wallets are made through an innovative and secure multinational assembly process, in which private key components are generated in a two-step process on two different continents, ensuring safety and peace of mind for all its customers.”
Speaking about the milestone, Ballet Founder and CEO, Bobby Lee, stated:
“We are excited about this milestone of $21 million in cryptocurrency being stored on Ballet wallets by our loyal customers worldwide. It’s great to see more and more people starting to trust Ballet as an easy, safe, and reliable cryptocurrency wallet. It’s the cryptocurrency wallet for the rest of us.”
Lee further revealed that Ballet has found success as the continuation to BTCC Mint, BTCC’s physical bitcoin brand, which, over its three years of business, sold physical bitcoins worth more than $88 million dollars in today’s prices.
Ballet secured more than $3 million in seed round financing in 2019 led by Ribbit Capital, a Silicon Valley venture capital firm that has invested in Coinbase, Revolut, Robinhood, Xapo, and many other early-stage fintech companies.
