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Crypto Wallet That Attracted $35 Billion Wins IDG Backing

  • ImToken users account for a fifth of Ethereum transactions
  • Growth in deposits tops that of U.S. crypto giant Coinbase
server crypto computer
Photographer: Andrey Rudakov/Bloomberg
Updated on

It pays to be early, especially when it comes to cryptocurrencies.

Take ImToken Pte., a Chinese startup that developed one of the first cryptocurrency wallet apps to support the Ethereum blockchain. The free software has attracted 4 million users, who’ve used it to stash $35 billion of crypto assets over the past year, more than at big-name competitors including Coinbase Inc.