Bitget has merged its BWB wallet Token into BGB into a single ecosystem Token . BGB is now the only major cryptocurrency to see significant gains in a day of broad-based declines in the crypto market.
Bitget will merge Bitget Wallet Token (BWB) into Bitget Token, unifying this pair of Token into a single Token in the common ecosystem for both centralized cryptocurrency exchanges and decentralized Bitget Wallet.
According to the press release , the unified Token BGB will be integrated with Bitget Wallet and support features like Fair Launchpool and cross- chain Gas Price payments “in most on-chain scenarios.” The company also said that BGB will be integrated into public chain and major ecosystems in decentralized finance, “enabling on-chain trading services while gradually becoming a core Staking asset for mainstream lending and Staking protocols.”
Bitget claims the combined total user base of Bitget and Bitget Wallet has exceeded 100 million.
The company also plans to expand BGB into offline PayFi applications, allowing payments for activities such as dining, travel, and shopping.
The merger will not affect the total supply of BGB, the company confirmed, and the conversion rate will be approximately 11.68 BWB to 1 BGB. BWB-related services will be discontinued on the Bitget platform on December 27.
Currently, BGB is ranked 23rd on the list of cryptocurrencies by market Capital and is the only large Capital Token to record significant gains in a day of widespread decline in the cryptocurrency market. As of the time of writing, BGB is up nearly 25% over the past 24 hours and up more than 50% over the past week.
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