The goal of the integration of Bitget Wallet and Bitget token is to improve the user experience and expand the capabilities of the application on both centralized and decentralized platforms.

As the only eco-token of the Bitget exchange Bitgate walletat Bitget Announce It will integrate its wallet with the Bitget token. This announcement comes after the rapid expansion of Bitget token (BGB), which was fueled by the rise in its market value and the number of holders.

As of the latest data, BGB's market capitalization has reached over $9.32 billion, and its price has shown a steady upward trend, reflecting growing investor confidence as the price of the token reaches an all-time high of $6.82. BGB's trading volume is approximately $1.32 billion, representing a 271% rise over the past 24 hours, demonstrating its liquidity and strong market activity.

Petgate It aims to support the continued growth of the ecosystem by expanding BGB's use cases, enabling launch group initiatives, and increasing its presence across both on-chain and off-chain platforms.

Bitget has positioned itself as a leading platform for high-quality projects. Offering a wide range of services, including pre-market, spot trading, leverage, and contracts. Petgate It now ranks sixth among global stock exchanges Total trading volumeThat's nearly $5 billion in the last 24 hours.

Additionally, Bitget Wallet, one of the largest Web3 wallets globally, serves over 60 million users across popular Tier 1 and Tier 2 ecosystems. With over 100 million users, Bitget and Bitget Wallet together rank as one of the top players in the cryptocurrency market.

The BGB integration will expand cross-chain trading by deepening its engagement with popular public chains and leading DeFi systems.

Furthermore, BGB will be integrated into the Bitget Wallet application for various on-chain functions such as multi-chain gas toll payments, and will serve as a storage asset for mainstream lending and staking protocols.

Starting in 2025, BGB will enter the offline PayFi scenario, enabling direct use in real-world transactions such as shopping, dining, and even gas payments.

For the merger: Bitget used the average of 7-day closing prices from December 19 to December 25, 2024 to calculate the exchange ratio between BWB and BGB. The BWB/BGB conversion rate is set at 0.08563, which means users can exchange 100,000 BWB tokens for 8,563 BGB. Most importantly, no additional BGB tokens will be issued, and the merger will not affect the total issuance of BGB tokens.