Bitcoin Well Expands US Presence with Strong User Growth

Bitcoin Well Inc., a Canadian non-custodial bitcoin platform operator, has made significant strides in the U.S. market. The company's Bitcoin Portal service allows retail customers to transact in bitcoin while retaining self-custody, and it is expanding its footprint in the U.S. market.

The company reported that its Bitcoin Portal generated over $9 million in transaction volume between January 2025 and March 2026, with a registered user base rising from about 11,000 in 2024 to more than 20,000 by March 31, 2026.

Management highlighted that only around 10% of U.S. registered users have transacted so far, underscoring a significant conversion opportunity given repeat transaction rates above 65% and rapid follow-on activity.