Bitget Wallet and Bitget Token Integration: Enhancing User Experience and Application Possibilities
The goal of Bitget wallet and Bitget token integration is to improve user experience and broaden application possibilities on both centralized and decentralized platforms.
Bitget, the ecological token for the Bitget exchange and Bitget Wallet, has recently announced the integration of its wallet with Bitget token. This strategic move comes at a time when Bitget token (BGB) has been experiencing significant growth in market value and holder numbers.
With a market cap exceeding $9.32 billion, BGB has seen a steady rise in price, reaching an all-time high of $6.82. The token’s trading volume has also surged by 271% in the past 24 hours, demonstrating strong market activity and liquidity.
Bitget’s objective is to support the growth of its ecosystem by expanding BGB’s utility, launching pool initiatives, and increasing its presence in both on-chain and off-chain platforms.
As a prominent platform for high-quality projects, Bitget offers a range of services including pre-market, spot trading, leverage, and contracts. Currently ranked sixth globally in terms of total trading volume, Bitget has facilitated nearly $5 billion in trades in the past 24 hours.
Bitget Wallet, a leading Web3 wallet with over 60 million users, operates across popular Layer 1 and Layer 2 ecosystems. With a total user base exceeding 100 million, Bitget and Bitget Wallet are key players in the cryptocurrency market.
The integration of BGB will expand on-chain trading by strengthening connections with popular public chains and prominent DeFi ecosystems. Additionally, BGB will be integrated into the Bitget Wallet for on-chain functions such as multi-chain gas fee payments and staking assets for lending and staking protocols.
Starting in 2025, BGB will be usable in offline PayFi scenarios, enabling real-world transactions like shopping, dining, and gas payments.
Regarding the merger, Bitget has established an exchange ratio of 0.08563 between BWB and BGB based on 7-day average closing prices. Users can exchange 100,000 BWB tokens for 8,563 BGB tokens. Notably, no additional BGB tokens will be issued, and the total issuance of BGB tokens will remain unaffected.