Bitget, a leading cryptocurrency exchange, has announced the upcoming merger of its exchange token, BGB, with its Bitget Wallet token (BWB). This strategic move aims to enhance the user experience and streamline token utility within the Bitget ecosystem. Effective December 27, 2023 (local time), BWB will cease to exist as a separate token. Existing BWB holders will receive BGB tokens at a conversion ratio of 1 BWB : 0.08563 BGB. This ratio has been determined to ensure a fair and equitable exchange for all BWB holders. With the merger, BGB will become the unified token for both the Bitget exchange and its official wallet. This move consolidates the token's utility and provides users with a seamless experience across both platforms. The official website of Bitget provides further details on the merger process and timelines. This merger is a significant step by Bitget to streamline its token ecosystem and provide enhanced value to its users. By consolidating the utility of BGB across the exchange and wallet, Bitget aims to foster a more cohesive and user-friendly experience for its growing community.