"Winter miracle!!! Bitget BGB soared to a record high, leading the encryption field"
Amid the overall downturn in the crypto market, Bitget has been in the spotlight with its token merger plans. On December 26, Bitget announced the merger of Bitget Token (BGB) and Bitget Wallet Token (BWB) into a unified token. This strategic adjustment not only simplifies platform functions, but also deeply integrates the exchange and wallet ecology, significantly improving synergy.
After the merger news was announced, the price of BGB soared to a record high of US$7.79, with a market value exceeding US$10.3 billion, an increase of more than 350% in December. Compared with BNB’s 13% increase this month and Bitcoin’s recent correction, BGB’s performance is particularly impressive, consolidating its position as a core token in the centralized exchange (CEX) field.
The newly unified BGB token will support the Fair Launchpool function and act as a gas fee payment medium. Bitget also plans to deeply integrate BGB into the public chain and DeFi ecosystem, positioning it as a core asset for staking and lending. Gracy Chen, CEO of Bitget, said that this merger is a key step towards building a comprehensive ecosystem on and off the chain.
Bitget’s globalization pace is also accelerating. As the fifth-largest CEX by trading volume, Bitget plans to enter more new markets in 2025, including setting up an EU hub and seeking regulatory approval for the US market.
BGB's performance has become one of the biggest winners in 2024. This is strongly supported by Bitget's continued innovation and strategic planning. Want to know more about industry trends? Come and follow Mr. Qiu and let us unlock more market secrets together!
