- Bitget integrates BGB with its wallet, boosting utility for on-chain, staking, and real-world transactions.
- BGB sees a 271% trading volume surge, reflecting investor trust as Bitget expands DeFi and payment use cases.
- Starting 2025, BGB enables offline PayFi for shopping, dining, and fuel, bridging digital and real-world finance.
Bitget announced the integration of its Bitget Wallet with the Bitget Token (BGB). This aims to improve user experience and expand utility across platforms. The move follows BGB’s market growth, with its value reaching $6.82 and a market cap of $9.32 billion.
BGB’s Market Growth and Popularity
The BGB token has seen significant growth recently. Its trading volume surged by 271% in 24 hours, hitting $1.32 billion. This reflects strong investor confidence in the token. Bitget plans to expand BGB’s applications in financial services. These include on-chain trading, staking protocols, and multi-chain gas fee payments.
Bitget has become a top global crypto exchange, ranking sixth in total trading volume. Within 24 hours, Bitget recorded nearly $5 billion in transactions. Its services include spot trading, leverage options, and pre-market features, drawing a diverse user base.
The Bitget Wallet supports over 60 million users across Layer 1 and Layer 2 blockchains. Together, Bitget and Bitget Wallet boast over 100 million users globally. This positions them as major players in the cryptocurrency market.
Bitget aims to deepen its involvement in decentralized finance and public blockchain ecosystems. BGB will now act as a payment token for multi-chain gas fees and a staking asset for lending platforms. Starting in 2025, BGB will integrate with offline PayFi systems. This will allow users to make real-world payments for shopping, dining, and fuel. This bridges the digital and physical financial ecosystems.
Conversion Details from BWB to BGB
Bitget has set a conversion rate for BWB to BGB tokens. The rate uses a seven-day average closing price from December 19 to December 25, 2024. The rate is 0.08563, allowing users to swap 100,000 BWB for 8,563 BGB. Importantly, Bitget will not issue additional BGB tokens, preventing inflation.
This integration highlights Bitget’s commitment to building a seamless financial ecosystem. By combining centralized and decentralized platforms, Bitget enhances its market presence and strengthens its global reach.
