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.”
Entered El Salvador
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.”
Entered El Salvador
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 is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
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#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
