The token received a significant boost after the exchange merged BGB and BWB.
It quadrupled its value last month, while its yearly gain is 1,361 per cent.
Bitget Token (BGB) has gained another significant boost as the cryptocurrency exchange behind it, Bitget, merged two native tokens into one. As a result, the value of BGB surpassed $8.35 per token, an all-time high, before experiencing some price corrections.
Merger of BGB and BWB
As announced yesterday, the exchange merged Bitget Token (BGB) and Bitget Wallet Token (BWB), retaining only one token, BGB, for its exchange and wallet platform. The exchange stated that this decision was driven by strong community demand.
The Bitget Token was already performing strongly, reaching record values daily. The token gained more than 138 per cent in the last seven days, with monthly and yearly gains of 436 per cent and nearly 1,361 per cent, respectively.
The rally of BGB token: Source: Coinmarketcap.com
Combining the two tokens has further increased demand for BGB. The latest rally also pushed BGB's market capitalization to nearly $11 billion, making it the 19th largest cryptocurrency.
The exchange explained the process of combining the two tokens. BWB tokens will be converted into BGB at a 0.08563 ratio, calculated using a 7-day average closing price of the BWB/USDT pair on Bitget. After the swap, all BWB tokens will be burned, and users will receive BGB in their accounts as an airdrop.
“By merging BGB and BWB, we are taking a major step toward building a unified and robust ecosystem that bridges on-chain and off-chain applications,” said Gracy Chen, CEO of Bitget. “This move will enhance the utility of BGB and ensure that every holder benefits from the growth of the Bitget ecosystem.”
Bitget is one of the leading cryptocurrency exchanges, offering spot and derivatives trading. According to the exchange, its wallet platform has over 60 million users globally. Combined, the exchange and wallet platforms have over 100 million users.
“As the crypto market matures, only the most resilient assets with strong ecosystems and real-world utility can thrive through cycles,” Chen added. “BGB, ranked among the top 30 tokens, has established itself as a leading utility token with exceptional liquidity and a strong community. This merger will enhance BGB’s role within Bitget’s ecosystem and create new opportunities for exploring the decentralised world.”
Bitget recently secured a Bitcoin Service Provider (BSP) license from the Central Reserve Bank of El Salvador. This license allows the exchange to offer fiat-to-Bitcoin exchanges, payment solutions, and custody services in the country.
The exchange is also awaiting approval for a digital asset service provider license from El Salvador’s National Commission of Digital Assets. This license would allow Bitget to offer other cryptocurrencies alongside Bitcoin.
Operating from its headquarters in Seychelles, Bitget is expanding its presence in the European Union. It holds licenses in Poland and Lithuania as a virtual asset service provider and is considering establishing a European base to comply with MiCA regulations.
Bitget Token (BGB) has gained another significant boost as the cryptocurrency exchange behind it, Bitget, merged two native tokens into one. As a result, the value of BGB surpassed $8.35 per token, an all-time high, before experiencing some price corrections.
Merger of BGB and BWB
As announced yesterday, the exchange merged Bitget Token (BGB) and Bitget Wallet Token (BWB), retaining only one token, BGB, for its exchange and wallet platform. The exchange stated that this decision was driven by strong community demand.
The Bitget Token was already performing strongly, reaching record values daily. The token gained more than 138 per cent in the last seven days, with monthly and yearly gains of 436 per cent and nearly 1,361 per cent, respectively.
The rally of BGB token: Source: Coinmarketcap.com
Combining the two tokens has further increased demand for BGB. The latest rally also pushed BGB's market capitalization to nearly $11 billion, making it the 19th largest cryptocurrency.
The exchange explained the process of combining the two tokens. BWB tokens will be converted into BGB at a 0.08563 ratio, calculated using a 7-day average closing price of the BWB/USDT pair on Bitget. After the swap, all BWB tokens will be burned, and users will receive BGB in their accounts as an airdrop.
“By merging BGB and BWB, we are taking a major step toward building a unified and robust ecosystem that bridges on-chain and off-chain applications,” said Gracy Chen, CEO of Bitget. “This move will enhance the utility of BGB and ensure that every holder benefits from the growth of the Bitget ecosystem.”
Bitget is one of the leading cryptocurrency exchanges, offering spot and derivatives trading. According to the exchange, its wallet platform has over 60 million users globally. Combined, the exchange and wallet platforms have over 100 million users.
“As the crypto market matures, only the most resilient assets with strong ecosystems and real-world utility can thrive through cycles,” Chen added. “BGB, ranked among the top 30 tokens, has established itself as a leading utility token with exceptional liquidity and a strong community. This merger will enhance BGB’s role within Bitget’s ecosystem and create new opportunities for exploring the decentralised world.”
Bitget recently secured a Bitcoin Service Provider (BSP) license from the Central Reserve Bank of El Salvador. This license allows the exchange to offer fiat-to-Bitcoin exchanges, payment solutions, and custody services in the country.
The exchange is also awaiting approval for a digital asset service provider license from El Salvador’s National Commission of Digital Assets. This license would allow Bitget to offer other cryptocurrencies alongside Bitcoin.
Operating from its headquarters in Seychelles, Bitget is expanding its presence in the European Union. It holds licenses in Poland and Lithuania as a virtual asset service provider and is considering establishing a European base to comply with MiCA regulations.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
Retail Traders Get Tokenized US IPO Allocations at Offer Price as Payward Expands xStocks
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First-hand account of the bear market's impact on various industry players
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Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
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This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
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This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
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Perspective on what founders and capital allocators should be doing at each stage to preserve exit optionality
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Understanding of what makes SGX a credible listing pathway for high-growth companies in 2026
Insight into alternative exit channels: private secondary markets, digital marketplace exits, and strategic acquisitions
Perspective on what founders and capital allocators should be doing at each stage to preserve exit optionality
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Sovereign backing from Temasek and GIC, a growing family office network, sector-specialized venture funds, and a public market pathway through the Singapore Exchange, the city-state supports capital formation at every stage of the lifecycle.
Held in partnership with 8Circle, this session gathers practitioners across the capital stack to examine how Singapore functions as both an investment and an exit destination.
Attendees will walk away with:
Understanding of what makes SGX a credible listing pathway for high-growth companies in 2026
Insight into alternative exit channels: private secondary markets, digital marketplace exits, and strategic acquisitions
Perspective on what founders and capital allocators should be doing at each stage to preserve exit optionality
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Sovereign backing from Temasek and GIC, a growing family office network, sector-specialized venture funds, and a public market pathway through the Singapore Exchange, the city-state supports capital formation at every stage of the lifecycle.
Held in partnership with 8Circle, this session gathers practitioners across the capital stack to examine how Singapore functions as both an investment and an exit destination.
Attendees will walk away with:
Understanding of what makes SGX a credible listing pathway for high-growth companies in 2026
Insight into alternative exit channels: private secondary markets, digital marketplace exits, and strategic acquisitions
Perspective on what founders and capital allocators should be doing at each stage to preserve exit optionality
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Sovereign backing from Temasek and GIC, a growing family office network, sector-specialized venture funds, and a public market pathway through the Singapore Exchange, the city-state supports capital formation at every stage of the lifecycle.
Held in partnership with 8Circle, this session gathers practitioners across the capital stack to examine how Singapore functions as both an investment and an exit destination.
Attendees will walk away with:
Understanding of what makes SGX a credible listing pathway for high-growth companies in 2026
Insight into alternative exit channels: private secondary markets, digital marketplace exits, and strategic acquisitions
Perspective on what founders and capital allocators should be doing at each stage to preserve exit optionality
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A first-hand account of where AI-driven trading tools generate real client value
Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
Clarity on the liability question: when an AI-driven recommendation leads to a bad trade, where does responsibility
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Attendees will walk away with:
A first-hand account of where AI-driven trading tools generate real client value
Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
Clarity on the liability question: when an AI-driven recommendation leads to a bad trade, where does responsibility
Brokers and providers moved from the noise phase to treating AI tools as a core product question, with implications on anything from hiring priorities to acquisition strategy.
This session gathers retail brokers, platform builders, and AI tool providers to examine how LLMs change affect client trust, results, and risk.
Attendees will walk away with:
A first-hand account of where AI-driven trading tools generate real client value
Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
Clarity on the liability question: when an AI-driven recommendation leads to a bad trade, where does responsibility
Brokers and providers moved from the noise phase to treating AI tools as a core product question, with implications on anything from hiring priorities to acquisition strategy.
This session gathers retail brokers, platform builders, and AI tool providers to examine how LLMs change affect client trust, results, and risk.
Attendees will walk away with:
A first-hand account of where AI-driven trading tools generate real client value
Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
Clarity on the liability question: when an AI-driven recommendation leads to a bad trade, where does responsibility
Brokers and providers moved from the noise phase to treating AI tools as a core product question, with implications on anything from hiring priorities to acquisition strategy.
This session gathers retail brokers, platform builders, and AI tool providers to examine how LLMs change affect client trust, results, and risk.
Attendees will walk away with:
A first-hand account of where AI-driven trading tools generate real client value
Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
Clarity on the liability question: when an AI-driven recommendation leads to a bad trade, where does responsibility
