Bitget Token Updated ATH$BTC $USTC $GMT

According to the announcement, the new BGB token will be used in Fair Launchpool projects and to pay gas fees on multi-chain blockchains. Bitget also plans to integrate the token into public blockchains and DeFi ecosystems. The company wants to make BGB the main asset for lending and staking.

The news sent Bitget Token (BGB) to an all-time high of $7.79. Its market cap at the time of writing is over $10.3 billion. BGB is up 30% on the day and has gained over 350% in December.

This contrasts with the broader crypto market, which has seen significant liquidations. By comparison, BNB, the largest exchange token, is up just 13% this month. Bitcoin also fell below $95,000, despite reaching $100,000 in early December.

The merger will not change the total supply of BGB. The exchange rate will be 11.68 BWB for 1 BGB. Bitget will shut down its BWB-related services on December 27.