Bitget Announces the Integration of Bitget Token (BGB) into the Bitget Wallet to Improve User Experience and Broaden Application Possibilities

The goal of Bitget wallet and Bitget token integration is to improve user experience and broaden application possibilities on both centralized

The integration of Bitget wallet and Bitget token aims to enhance user experience and expand application possibilities across both centralized and decentralized platforms.

As the sole ecological token for the Bitget exchange and Bitget Wallet, Bitget has announced the integration of its wallet with Bitget token (BGB). This announcement follows the rapid growth of Bitget token, which is evident in its increasing market value and number of holders.

According to recent data, BGB's market capitalization has crossed $9.32 billion, while its price has exhibited a consistent upward trend, reaching an all-time high of $6.82. The trading volume for BGB stands at around $1.32 billion, indicating a 271% increase over the past 24 hours, highlighting its liquidity and strong market activity.

Bitget is focused on supporting the continued growth of the ecosystem by expanding BGB's use cases, enabling launch pool initiatives, and increasing its presence across both on-chain and off-chain platforms.

Having established itself as a leading platform for high-quality projects and offering a comprehensive range of services including pre-market, spot trading, leverage, and contracts, Bitget is currently ranked sixth among global exchanges in terms of total trading volume, which amounted to nearly $5 billion over the past 24 hours.

Moreover, Bitget Wallet, as one of the largest Web3 wallets worldwide, caters to over 60 million users across popular Layer 1 and Layer 2 ecosystems. Together, Bitget and Bitget Wallet boast a combined user base of over 100 million, making them a formidable presence within the cryptocurrency market.

The integration of BGB will further expand on-chain trading through deepening its involvement with popular public chains and leading DeFi ecosystems.

Additionally, 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: To calculate the exchange ratio between BWB and BGB, Bitget used the 7-day average closing prices from Dec. 19 to Dec. 25, 2024. The BWB/BGB conversion rate is set at 0.08563, meaning that users can exchange 100,000 BWB tokens for 8,563 BGB. It is important to note that no additional BGB tokens will be issued, and the merger will not impact the total issuance of BGB tokens.