Official announcements from Bitget or major financial news outlets

Bitget Merges BGB and BWB Tokens, Creating Unified Ecosystem Token as BGB Surges to 5.43 USDT

Dec 26, 2024, 10:36 AM

Bitget has announced the merger of its Bitget Token (BGB) and Bitget Wallet Token (BWB), creating a unified ecosystem token for both platforms. Following strong community recommendations, this merger aims to streamline operations and enhance user experience. As a result of this announcement, BGB's market value has surged, ranking it 25th in cryptocurrency rankings with a circulating market value of $7.55 billion and a fully diluted valuation (FDV) of $10.79 billion. BGB's price briefly reached 5.43 USDT, reflecting an increase of nearly 15.18% in 24 hours and 224.13% over a longer period. The swap rate for the merger is set at 1 BWB equaling 0.08563 BGB, based on a seven-day average price. This strategic move is part of Bitget's broader efforts to integrate its offerings and attract institutional investors.