Finance News

Ballet wallet reaches a milestone of $21 million in customer deposits


Cryptocurrency wallet Ballet has reportedly announced that it has reached a milestone of $21 million in customer deposits merely within a year of its launch.

According to Bobby Lee, the Founder and CEO of Ballet, the company is thrilled to reach this milestone of $21 million in the cryptocurrencies being stored on its wallets by its wide customer base spread across the world. He has also stated that the company feels great to witness more and more people starting to trust Ballet as a reliable, easy, and safe cryptocurrency wallet.

For the uninitiated, Ballet was founded in March 2019 to deliver a simpler alternative to the hardware wallets, that are currently on the market and are suitable for use by the average customer. Ballet’s physical wallets have the shape of a credit card and are essentially made up of stainless steel. These wallets facilitate the management and storage of cryptocurrencies through the pre-generation of private keys and addresses, and deliver high security via the use of two-factor private keys.

Ballet has officially raised a sum of over $3 million in 2019 via a seed funding round led by Ribbit Capital. The company is known for delivering elegant and simple cryptocurrency solutions supported by strong and cutting-edge technology. Ballet intends to extend the adoption of cryptocurrency to billions of users by providing them with intuitive and cutting-edge physical wallet solutions.

Lee states that Ballet attributes its success as the continuation to BTCC’s physical bitcoin brand, BTCC Mint, that is renowned for its sale of more than $88 million worth of physical bitcoins during its three years of business.

The Ballet wallet companion app is available on Android and the iOS, and is known for effectively enabling customers to view and manage the cryptocurrencies on their wallets. The app has lately introduced a feature that facilitates the exchange of cryptocurrencies within the app and will also enable the purchase of cryptocurrencies by the users in near future.


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Shreshtha Dhatrak

Despite having completed her Post Graduate degree in Digital Marketing, Shreshtha always nurtured an innate passion for writing. Currently, she works as a content writer for and similar other portals, where she pens down news articles spanning the fields of business, finance, and technology. Her other interests include reading and travelling.

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