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Bitget Token (BGB) price soars 25% with announcement of merger with BWB
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Bitget announced the merger between tokens BGB and BWBconsolidating the Bitget Token (BGB) as the only token in its ecosystem. According to the announcement, the decision came after strong recommendations from the community.
The idea, according to the company, is integrate on-chain and off-chain usesbenefiting the broad user base of the exchange and its Web3 wallet.
With the merger, users will be able to use BGB in on-chain applications on prominent public chains and top DeFi ecosystems. Furthermore, the token will also become a central asset for staking and lending on recognized protocols.
Furthermore, Bitget will integrate the token into Bitget Walletenabling gas fee payments in multi-chain scenarios and strengthening features such as Fair Launchpool.
Bitget Token BGB gains new applications and expands its presence
From 2025BGB will expand to applications offlineincluding payments for restaurants, travel, fuel and purchases. The objective is to offer an integrated solution that unites Web3, finance and consumption.
Currently, Bitget is among the three largest centralized exchanges in trading volume. With robust services such as spot, margin and futures trading, the platform is a hub for quality projects to launch their tokens.
Already the Bitget Wallet is one of the largest in the world, with more than 60 million usersoffering a high-level experience across diverse Layer-1 and Layer-2 ecosystems. Together, the exchange and wallet user bases add up to more than 100 million peopleplacing Bitget in second place globally.
The process of exchanging BWB by BGB will take into account the average of the closing prices of both tokens in USDT during the seven days between December 19 and 25, 2024. The defined conversion rate was 0.08563. For example, a user with 100,000 BWB will receive 8,563 BGB.
Already ranked among the 30 largest crypto assets by market capitalizationBGB stands out for its high liquidity and support from its community. The merger represents a milestone for the expansion of the Bitget ecosystem, delivering additional value for users and solidifying BGB’s position as one of the leading tokens on the market.
In parallel with the announcement, the Bitget Token price soared more than 25%, according to data from CoinGecko. At the time of writing this article, the crypto asset is costing US$7.33.
Bitget Token (BGB) price soars 25% with announcement of merger with BWB
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Bitget Token (BGB) price soars 25% with announcement of merger with BWB
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Bitget Token (BGB) price soars 25% with announcement of merger with BWB
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Bitget Token (BGB) price soars 25% with announcement of merger with BWB
