Bitget, a leading cryptocurrency platform, has announced merging of BWB (Bitget Wallet Token) and BGB (Bitget Token). After completion, BGB will become the unified asset representing both the Bitget and Bitget Wallet ecosystems, according to the official statement.
The company notes that community feedback contributed to this decision, and the merger aims to strengthen integration between on-chain and off-chain use cases.
BGB’s Growth and Future
BGB has established itself as one of the platform’s fastest-growing tokens. Over the past 24 hours, it has risen by 27% in value, reaching an all-time high of $7.8 and entering the global top 20 cryptocurrencies by market capitalization. This helps Bitget solidify its position among centralized exchanges, where it currently ranks third in trading volume.
Meanwhile, Bitget Wallet has become one of the largest Web3 wallets, boasting over 60 million users. With this merger, the combined user base across the Bitget ecosystem will exceed 100 million.
Going forward, BGB will serve as the primary token fueling operations within the Bitget ecosystem, becoming a key asset for integration with decentralized applications, staking protocols, and multi-chain gas payments.
Starting in 2025, BGB will be used for PayFi solutions — enabling users to pay for goods and services in sectors like dining, travel, fuel, and shopping. This initiative will help Bitget offer a unified solution for Web3, finance, and consumer spending.
Advantages of Holding BGB
- Launchpad: Early access to promising tokens
- PoolX: 24/7 farming opportunities
- 20% discount on sports-trading fees
Token Exchange Details
The exchange rate from BWB to BGB is determined by the average closing price of BWB/USDT and BGB/USDT over seven days — December 19 to 25. The final swap ratio is 0.08563 (0.3934 / 4.5940).
Example: If a user holds 100,000 BWB, they will receive 8,563 BGB. The total supply of BGB will remain unchanged, with no additional tokens to be issued.
For more details on the token exchange, click the link provided.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.