Bitget exchange announced the merger of Bitget Wallet (BWB) and Bitget (BGB) tokens to create a unified token ecosystem, causing a 25% increase in BGB price.
Merger Announcement
Today, Bitget exchange announced a strategic merger of BWB and BGB tokens to streamline the token ecosystem. The decision was made following strong community recommendations, aiming to provide ecosystem benefits to community members. Post-merger, BGB will serve as the unified token for both the Bitget exchange and Bitget wallet.
BGB Token Price Surge
The BGB token price surged by over 25% following the merger announcement. At press time, the price is approximately $6.98. Its market cap is $9.77 billion, and the trading volume increased by 182%, reaching about $1.35 billion.
Future Plans for BGB Token
The BGB token will be integrated into blockchain and DeFi ecosystems. The exchange plans to enhance token use cases across the DeFi space, starting with on-chain trading services. BGB will become a leading asset for lending and staking features across multiple blockchains.
The merger of BWB and BGB tokens aims to enhance user experience and features, making BGB a significant token across DeFi platforms.
