Bitget Token (BGB) is the native digital asset of the exchange of bitcoin (BTC) and cryptocurrencies, Bitget.
As CriptoNoticias reported weeks ago, BGB has been having a good 2024. Now, reaching the last days of the year, its price skyrocketed with a rise that exceeds 100% in the last 7 days.
This leads him to position himself as the digital asset with the highest rise of the week (within the top 100 by market capitalization).
The following chart provided by CoinGecko shows the BGB price behavior over the last 12 months:
But… What is happening with BGB that causes this price increase?
Yesterday, December 26, the Bitget exchange published a release with an advertisement related to this token. There it is reported:
“To further integrate on- and off-chain use cases and enable the Bitget Wallet Token (BWB) community to share the benefits of the Bitget ecosystem, we are pleased to announce the merger of BWB and BGB, following the strong recommendations of the community. “After the merger, BGB will become the unified ecosystem token for both Bitget and Bitget Wallet.”
Bitget, bitcoin and cryptocurrency exchange
It is worth clarifying that BWB is the native token of the cryptocurrency wallet developed by Bitget. As could be read above, BGB will become the only token in the ecosystem.
The merger between BGB and BWB will take place today, December 27, automatically. The exchange clarifies that this change “will not affect the total supply of BGB and no additional BGB will be issued.”
