MetaMask Adds Native Bitcoin Support, Expanding Beyond Ethereum

Sponsored
Sponsored

Key Highlights

Popular Ethereum wallet MetaMask has officially launched native Bitcoin support, marking a major step in its shift from an Ethereum-only product to a broader multichain platform. 

The update allows users to hold, buy, send, receive, and swap Bitcoin (BTC) directly within the MetaMask app, without relying on wrapped tokens or external Bitcoin wallets. The launch is almost a year after MetaMask initially announced its intentions to add support to Bitcoin as a part of its long-term Ethereum expansion.

With this update, MetaMask now supports Bitcoin in addition to Ethereum, Solana, Monad, and Sei, among other networks, bringing several of the most popular blockchains together.

https://twitter.com/MetaMask/status/2000614577575428200?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

According to MetaMask, the latest version of the wallet generates native Bitcoin addresses for users and supports SegWit transactions at launch. 

Taproot compatibility is expected in a future release. Users can also purchase Bitcoin using fiat payment methods, including credit cards, Apple Pay, PayPal, and bank transfers, and swap BTC with other supported assets directly inside the wallet.

MetaMask’s multichain push gains momentum

MetaMask’s Bitcoin integration follows a series of feature launches aimed at keeping the wallet competitive in an increasingly crowded market. In August, the wallet introduced its own stablecoin, mUSD, on Ethereum and Consensys-backed layer-2 network Linea. 

In October, MetaMask added native support for perpetual swaps via Hyperliquid, allowing users to take long or short positions directly from the wallet. Earlier this month, it also rolled out a native Polymarket integration, enabling in-wallet predictions on sports, crypto, and politics.

The addition of Bitcoin fits into this broader strategy. MetaMask previously expanded beyond EVM networks through Solana support and plugin-based Snaps, which enabled limited interaction with non-EVM chains and Bitcoin layer-2 networks. 

Sponsored

Native Bitcoin support removes the need for those workarounds, allowing direct interaction with the Bitcoin network itself.

Why Bitcoin support matters for users

Bitcoin is the biggest cryptocurrency in market capitalization and is commonly kept distinctly from Ethereum based resources because of technical disparities. MetaMask also allows users to manage their assets without having to use several wallets by enabling them to support Bitcoin as a native.

The move could also increase on-chain activity, as users can now move between Bitcoin and other supported networks without leaving the app.

MetaMask is also providing reward points to users that upgrade to the latest version and then swap to BTC to encourage adoption. These points are part of a $30 million community rewards program announced ahead of the wallet’s expected native token launch.

https://twitter.com/MetaMask/status/1974509585039048916?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

Market context and recent developments

Bitcoin was trading at approximately 865,633 at the time of writing, more than 4.25% lower than it was in the last 24 hours and approximately 33% lower than it was in the all-time high of over 126,000 in the first half of the year, according to CoinMarketCap data.

The wider crypto market has been falling, with key crypto-related stocks, such as Strategy, Circle, and Coinbase, falling over the last few U.S. sessions.

The parent company of MetaMask, Consensys, is also said to be planning an initial public offering, and MetaMask has suggested an impending MASK token, linked to its growing rewards system. The wallet will also include additional networks in 2026 after the rollout of Bitcoin.

With MetaMask establishing itself as a hub of digital assets, the integration of native Bitcoin, the move towards multichain wallets is becoming increasingly popular, although the industry observers remain divided about the increased complexity and security implications of such platforms.

Also Read: Phantom Wallet Launches Debit Card in the U.S. with Apple Pay

kryptonew

Share
Published by
kryptonew

Recent Posts

Zcash Developers Patch Four Vulnerabilities in Dual Node Implementations

Show AI SummaryVulnerabilities in Zcash’s codebase could crash nodes and risk network splits due to…

6 hours ago

Grinex Hack Gets Uglier: $13M Gone, and the Story Keeps Unraveling

Show AI SummaryA $13 million cyber heist on Grinex exchange exposes vulnerabilities in the shadow…

6 hours ago

HK Woman Loses $982K to AI Crypto Scam Amid City-Wide Fraud Surges

Show AI SummaryScammers leverage advanced tech to make crypto fraud schemes appear credibleFraudsters use social…

6 hours ago

Judge Tosses $JENNER Lawsuit, Says Token Fails Security Test

Show AI SummaryJudge dismisses securities claims against Caitlyn Jenner’s $JENNER token, citing lack of common…

6 hours ago

Crypto VC Falls 49% in Q1, Yet Big Money Shifts to Tokenization, DeFi & AI

Show AI SummaryInvestors are adopting a flight-to-quality approach, driven by declining venture capital deal counts…

6 hours ago

RWA Foundation Sees Trillions in Assets Moving Onchain as Tokenization Grows

The conversation around real-world assets, or RWAs, got another boost today after the RWA Foundation…

10 hours ago

This website uses cookies.

Read More