You can also read this news on COINTURK NEWS: Bitget Announces Strategic Merger Between BWB and BGB Tokens
Cryptocurrency exchange Bitget announced a strategic merger between Bitget Wallet Token (BWB) and Bitget Token (BGB) on December 26. Following this announcement, the BGB price surged by 30%, reaching $6.86. The merger aims to simplify the token structure, strengthen the ecosystem, and increase user benefits.
With this new merger plan, Bitget seeks to align its exchange and wallet services better. In this context, BWB holders will be able to exchange their tokens for BGB. Those with 100,000 BWB will receive 8,563 BGB tokens. This ratio has been determined based on current evaluations, with expectations that the merger will generate more use cases and increased liquidity over time.
Bitget aims to present a comprehensive ecosystem by merging over 100 million users from both the exchange and decentralized wallet. Officials from Bitget stated that this merger would increase the token’s value while allowing for more widespread use in daily transactions by 2025 through PayFi integrations. Users will be able to utilize BGB for expenses like dining, travel, and shopping.
The merger announcement led to significant movement in the BGB token price. The token gained 30% in one day, rising from $5.46 to $6.86. During the same period, the BWB token also increased by 31%, reaching $0.565. Trading volume soared by 260%, peaking at $26.08 million, and over the last 30 days, the BWB price exhibited a total increase of 109%.
Market observers agree that this development will enhance BGB’s liquidity and offer broader applicability. The token aims to serve as a bridge between blockchain applications and daily financial transactions by 2025. This merger, which seeks to create a simpler and more coherent structure for BGB, aims to deliver a user-friendly experience while increasing market agility.
Given Bitget’s importance among global cryptocurrency exchanges and the prevalence of decentralized wallets, the long-term market impacts of this strategic decision will continue to be monitored.
The post Bitget Announces Strategic Merger Between BWB and BGB Tokens appeared first on COINTURK NEWS.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。