MetaMask, the cryptocurrency wallet platform, has officially announced that it now supports Bitcoin natively, as per their recent statement.
Summary
- MetaMask has rolled out native support for Bitcoin, enabling users to manage Bitcoin along with Ethereum, Solana, and Sei in one wallet, thereby enhancing its multichain functionality.
- Support for Bitcoin’s SegWit derivation path is included, with plans to integrate Taproot in an upcoming update. Users can buy, swap, and transfer Bitcoin using various options, though transaction confirmation times are longer compared to other cryptocurrencies.
- The platform also introduced in-wallet prediction markets in collaboration with Polymarket and launched MetaMask USD, a stablecoin pegged 1:1 to short-term U.S. Treasury bills, available on Ethereum Mainnet and Linea.
This new functionality allows users to trade, send, and manage Bitcoin alongside Ethereum, Solana, and Sei within a unified wallet, broadening the platform’s multichain options, according to the announcement.
Upon updating to the latest version of MetaMask, users will automatically receive a Bitcoin address as part of the wallet’s multichain accounts, as stated in the announcement. The wallet includes support for Bitcoin’s native SegWit derivation path, with plans for future Taproot inclusion.
The company mentioned that users can acquire Bitcoin using local currency and region-specific payment methods, swap Bitcoin from EVM-based networks or Solana, and send or receive Bitcoin to and from various exchanges or wallets. The confirmation times for Bitcoin transactions are generally longer than for other cryptocurrencies, the company highlighted.
Earlier this month, MetaMask unveiled in-wallet prediction markets powered by Polymarket, which allow users to bet on real-world event outcomes. These prediction markets facilitate the buying and selling of money-backed positions on future occurrences across various domains including sports, politics, and cryptocurrency, generating price signals that reflect collective expectations, as stated by the company.
In September, they revealed MetaMask USD, a stablecoin native to the wallet. This stablecoin is available on Ethereum Mainnet and Linea and is pegged 1:1 to short-term U.S. Treasury bills, according to the company.
