The goal of Bitget wallet and Bitget token integration is to improve user experience and broaden application possibilities on both centralized and decentralized platforms.
As the only ecological token for the Bitget exchange and Bitget Wallet, Bitget has announced that it will combine its wallet with Bitget token. This announcement comes after the Bitget token’s rapid expansion (BGB), which was fueled by its rising market value and the number of holders.
As of the latest data, BGB’s market cap has reached over $9.32 billion, and its price has shown a steady upward trend, reflecting growing investor confidence as the token’s price reaches an all-time high of $6.82. The trading volume for BGB is around $1.32 billion, which is a 271% rise over the past 24 hours, showcasing its liquidity and strong market activity.
Bitget aims to support continued ecosystem growth by broadening BGB’s use cases, empowering launch pool initiatives, and increasing its presence across both on-chain and off-chain platforms.
Bitget has positioned itself as a leading platform for high-quality projects. Offering a wide range of services, including pre-market, spot trading, leverage, and contracts, Bitget is now ranked at the sixth position among global exchanges by total trading volume, which is almost $5 billion dollars in the past 24 hours.
In addition, Bitget Wallet, one of the largest Web3 wallets globally, serves over 60 million users across popular Layer 1 and Layer 2 ecosystems. With over 100 million total users, Bitget and Bitget Wallet together rank as one of the most significant players in the cryptocurrency market.
The integration of BGB will further expand on-chain trading by deepening its involvement with popular public chains and leading DeFi ecosystems.
Furthermore, BGB will be incorporated into the Bitget Wallet application for various on-chain functions such as multi-chain gas fee payments, and will also serve as a staking asset for mainstream lending and staking protocols.
Starting in 2025, BGB will enter the offline PayFi scenario, enabling direct use in real-world transactions like shopping, dining, and even gas payments.
For the merger: Bitget used the 7-day average closing prices from Dec. 19 to Dec. 25, 2024, to calculate the exchange ratio between BWB and BGB. The BWB/BGB conversion rate is set at 0.08563, meaning that users can exchange 100,000 BWB tokens for 8,563 BGB. Importantly, no additional BGB tokens will be issued, and the merger will not affect the total issuance of BGB tokens.
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