Bitget to Merge BGB and BWB Tokens, Developing an Integrated Onchain Ecosystem

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VICTORIA, Seychelles, Dec. 26, 2024 (GLOBE NEWSWIRE) — Bitgetleading cryptocurrency and company Web3, has announced the integration of its native tokens, Bitget Token (BGB) again Bitget Wallet Token (BWB). This move, driven by strong community demand, aims to merge the two tokens into a single ecosystem token, BGB, which will serve as a utility token for both Bitget Exchange and Bitget Wallet.

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As one of the fastest growing central exchanges (CEXs), Bitget ranks among the top three in the world by trading volume, offering a wide range of pre-market, spot, margin, and futures trading services. Bitget Wallet, one of the largest Web3 wallets in the world, has more than 60 million users and is widely accepted throughout the leading Layer-1 and Layer-2 ecosystems. Together, Bitget and Bitget Wallet now serve more than 100 million users worldwide, securing their position as the second largest CEX platform in the world.

“BGB has had an amazing year, with its market cap increasing by more than 750%, making it the best performing CEX token in 2024. This success is supported by strong community support and the growing demand for BGB across various use cases.” Gracy Chen, CEO of Bitget, commented, “By combining BGB and BWB, we are taking a big step towards creating a unified and robust ecosystem that integrates on-chain and off-chain applications. This move will improve the use of BGB, and ensure that every owner benefits from the growth of the Bitget ecosystem. “

Together, BGB will be the unified token that drives the growth of the Bitget ecosystem. It will be deeply integrated into decentralized applications (DApps), become a key asset within the larger blockchain ecosystem and support the focus of lending agreements and DeFi applications. It will also enable Bitget Wallet services, including Fair Launchpool and multi-chain Gas fee payments. In addition, BGB will test real-world use cases, allowing users to pay for food, travel, fuel, shopping, and more, providing a seamless Web3 PayFi experience.

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To facilitate a seamless transition, BWB holders on the Bitget exchange can automatically convert their BWB to BGB. In detail, BWB tokens will be converted to BGB at a rate of 0.08563, calculated using the 7-day average closing price of the BWB/USDT pair on Bitget. After the exchange, all BWB tokens will be burned, and the same BGB will be sent over the air to users’ accounts. BWB trading and related services will end on December 27.

“As the crypto market matures, only the strongest assets with a strong ecosystem and real-world value can thrive through cycles. BGB, ranked among the top 30 tokens, has established itself as a leading utility token with a rare currency and a strong community. This merger will enhance BGB’s role within the Bitget ecosystem and create new opportunities for it to explore the dynamic decentralized world,” it added. Gracy Chen, CEO of Bitget.

For more information about token integration, please visit
link.

About Bitget

Founded in 2018, Bitget is the best in the world cryptocurrency exchange and the Web3 company. Serving more than 45 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with their first copy trading feature and other trading solutions, while providing real-time access
The price of Bitcoin,
Ethereum priceand other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a state-of-the-art crypto wallet that provides multiple Web3 solutions and features including wallet functionality, token exchange, NFT Marketplace, DApp browser, and more.

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Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, It was fallingin EasterN, SEA and LATAM market, and global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medal) and Ilkin Aydın (National Volleyball Team), to encourage the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Disagreement | Bitget Wallet
For media inquiries, please contact: media@bitget.com

Risk warning: The prices of digital assets are subject to volatility and may be highly volatile. Investors are advised to only allocate money that they cannot afford to lose. The value of any investment may be affected, and there is a possibility that financial objectives may not be achieved, or that the principal investment may not be recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget does not accept responsibility for any potential losses. Nothing contained herein should be construed as financial advice. For more information, please see our
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/127bf539-7af1-41b7-8cee-cbe040f83e93

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