Bitget to Merge BGB and BWB Tokens, Advancing a Unified Onchain Ecosystem



VICTORIA, Seychelles, Dec. 26, 2024 (GLOBE NEWSWIRE) --  Bitget, the leading cryptocurrency exchange and Web3 company, has announced the merger of its native tokens, Bitget Token (BGB) and Bitget Wallet Token (BWB). The move, driven by strong community demand, aims to unify the two tokens into a single ecosystem token, BGB, which will serve as the ultimate utility token for both Bitget Exchange and Bitget Wallet.

As one of the fastest-growing centralized exchanges (CEXs), Bitget ranks among the top three globally in trading volume, offering a comprehensive suite of pre-market, spot, margin, and futures trading services. Bitget Wallet, one of the largest Web3 wallets globally, boasts over 60 million users and is widely adopted across 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 ecosystem globally.

“BGB has experienced an incredible year, with its market cap increasing by over 750%, making it the best-performing CEX token in 2024. This success is backed by the strong community support and growing demand for BGB across various use cases.” Gracy Chen, CEO of Bitget, commented, “By merging BGB and BWB, we are taking a major step toward building a unified and robust ecosystem that bridges on-chain and off-chain applications. This move will enhance the utility of BGB, and ensure that every holder benefits from Bitget ecosystem growth.”

With the merger, BGB will become the unified token driving the Bitget ecosystem’s growth. It will be integrated deeply into decentralized applications (DApps), becoming a core asset within major blockchain ecosystems and supporting staking in lending protocols and DeFi applications. It will also power Bitget Wallet's services, including Fair Launchpool and multi-chain Gas fee payments. In addition, BGB will explore real-life use cases, enabling users to pay for dining, travel, fuel, shopping, and more, offering a seamless Web3 PayFi experience.

To facilitate a seamless transition, BWB holders on the Bitget exchange can automatically swap their BWB to BGB. In detail, BWB tokens will be converted into BGB at a 0.08563 ratio, calculated using a 7-day average closing price of the BWB/USDT pair on Bitget. After the swap, all BWB tokens will be burned, and the equivalent BGB will be airdropped to users’ accounts. BWB trading and related services will cease on December 27.

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

For more details about the token merger, please visit the link.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

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, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment 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 accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/127bf539-7af1-41b7-8cee-cbe040f83e93



Bitget to Merge BGB and BWB Tokens, Advancing a Unified Onchain Ecosystem


THỦ THUẬT HAY

Mặt mộc của các ngôi sao như thế nào?Ứng dụng này sẽ cho bạn biết tất cả

MakeApp là ứng dụng tiết lộ mặt mộc không phấn son của bất cứ ai trong hình ảnh, sự thật khóa gương mặt theo cách chân thật nhất.

3+ Cách đọc, chỉnh sửa file Word, Excel, PowerPoint mà không cần cài đặt Office

Bạn được gửi cho một file có định dạng *.doc, *.dox (Word), *.xls, *.xlsx (Excel) hay *.ppt, *.pptx (PowerPoint) nhưng không có cài sẵn phần mềm Office trên máy tính. Vậy làm sao để đọc hay chỉnh sửa những tập tin này.

In đen trắng chuẩn với các máy in màu hiện nay

Cách in đen trắng màu chuẩn trên các dòng máy in màu. Sau đây là một thủ thuật nhỏ mách bạn cài đặt máy in màu in đen trắng chuẩn nhất.

Phân biệt và đánh giá ưu nhược điểm của định dạng FAT32, NTFS và exFAT

Hôm nay hãy cùng FPTShop đánh giá ưu nhược điểm của ba định dạng FAT32 NTFS và exFAT. Đây là ba định dạng hệ thống tệp tin phổ biến nhất hiện này.

11 tiện ích mở rộng tuyệt vời cho Google Chrome

Danh sách 11 tiện ích mở rộng tuyệt vời cho Google Chrome giúp bạn làm việc hiệu quả hơn.

ĐÁNH GIÁ NHANH

Đánh giá nhanh Xiaomi Redmi 5A: thiết kế trẻ trung, hiệu năng khá, trải nghiệm tốt trong tầm giá bán

Redmi 5A có thiết kế trẻ trung, cấu hình tầm trung, thời lượng pin dài, bộ đôi camera đều chụp ảnh khá ổn nhưng giá bán chỉ khoảng 2.4 triệu đồng. Khi kết hợp yếu tố phiên bản màu hồng nhìn đẹp, Redmi 5A nhìn quyến rũ,

So sánh hai mẫu sedan hạng D Mazda6 2.0 và Toyota Camry 2.0E tại Việt Nam

Trong tháng 10 vừa qua, 2 mẫu sedan hạng D là Mazda6 2.0 và Toyota Camry 2.0E mới nhất tại Việt Nam đã được công bố giá bán mới. Phiên bản mới nhất tại thị trường Việt Nam...

Đánh giá WD My Passport SSD 1 TB: USB-C, ruột là ổ M.2 SanDisk, hiệu năng khá nhưng giá quá cao

WD My Passport SSD là chiếc ổ SSD di động đầu tiên của Western Digital và cũng là đầu tiên trong dòng My Passport. Chiếc ổ này chỉ vừa được bán ra, có 3 tùy chọn dung lượng là 256/512 GB và 1 TB.