Bitget announces the merger of BGB and BWB tokens, fully upgrading the BGB on-chain ecosystem

On December 26, Bitget announced the merger of its native token Bitget Token (BGB) with Bitget Wallet Token (BWB). The merged BGB will become the sole ecological pass for both the Bitget exchange and wallet, expanding to more use cases such as on-chain applications, further enhancing ecosystem synergy and user experience.

Bitget CEO Gracy Chen stated that BGB's market value has grown by over 1,000%, ranking it in the global Top 20. By merging BGB and BWB, a unified ecosystem will be built to bridge on-chain and off-chain use cases, allowing holders to share in the dividends of Bitget's ecological growth.

According to official rules released by Bitget platform, BWB holders can automatically convert their BWB into BGB. Specifically, BWB tokens will be converted into BGB at a ratio of 0.08563 based on the average closing price of BWB/USDT over the past seven days. The token conversion will begin soon; after completion all BWB tokens will be destroyed and an equivalent amount of BGB will be airdropped into users' accounts. Meanwhile all trading activities related to BWB along with relevant services are set to cease from December 27.