Solana decentralized exchange aggregator Jupiter has expanded its reach by acquiring Ultimate Wallet, a self-custody crypto wallet firm.
The purchase is part of Jupiter’s strategy to enhance its mobile capabilities and attract millions of new users. According to Jupiter’s announcement, adding Ultimate Wallet marks the beginning of its mobile initiative, which is set to enter beta testing in May.
The company plans to integrate Ultimate Wallet’s technology and team into its mobile platform, Jupiter Mobile, to accelerate its development and improve user experience.
“We’re excited to share that Ultimate and our mobile team has been acquired by Jupiter, Solana’s leading exchange,” Ultimate Wallet confirmed in the announcement.
The company assured users that funds were safe and provided details about the transition, including the sunset date for the current Ultimate app, May 22.
The acquisition of Ultimate Wallet aligns with Jupiter’s goal of expanding its user base and enhancing its mobile offerings, signaling further growth in the decentralized finance (defi) space.
Back in February, Jupiter airdropped its JUP token to many investors who have used its aggregator tools. JUP is now Solana’s main decentralized exchange (DEX) coin.
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