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Bitget to Merge BGB and BWB Tokens, Advancing a Unified Onchain Ecosystem

VICTORIA, Seychelles, Dec. 26, 2024 (GLOBE NEWSWIRE) —  Bitget, the leading cryptocurrency exchange and Web3 company, has announced the merger of its native tokens, Bitget Token (BGB) and Bitget Wallet Token (BWB). The move, driven by strong community demand, aims to unify the two tokens into a single ecosystem token, BGB, which will serve as the ultimate utility token for both Bitget Exchange and Bitget Wallet.

As one of the fastest–growing centralized exchanges (CEXs), Bitget ranks among the top three globally in trading volume, offering a comprehensive suite of pre–market, spot, margin, and futures trading services. Bitget Wallet, one of the largest Web3 wallets globally, boasts over 60 million users and is widely adopted across leading Layer–1 and Layer–2 ecosystems. Together, Bitget and Bitget Wallet now serve more than 100 million users worldwide, securing their position as the second–largest CEX ecosystem globally.

“BGB has experienced an incredible year, with its market cap increasing by over 750%, making it the best–performing CEX token in 2024. This success is backed by the strong community support and growing demand for BGB across various use cases.” Gracy Chen, CEO of Bitget, commented, “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. This move will enhance the utility of BGB, and ensure that every holder benefits from Bitget ecosystem growth.”

With the merger, BGB will become the unified token driving the Bitget ecosystem’s growth. It will be integrated deeply into decentralized applications (DApps), becoming a core asset within major blockchain ecosystems and supporting staking in lending protocols and DeFi applications. It will also power Bitget Wallet's services, including Fair Launchpool and multi–chain Gas fee payments. In addition, BGB will explore real–life use cases, enabling users to pay for dining, travel, fuel, shopping, and more, offering a seamless Web3 PayFi experience.

To facilitate a seamless transition, BWB holders on the Bitget exchange can automatically swap their BWB to BGB. In detail, 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 the equivalent BGB will be airdropped to users’ accounts. BWB trading and related services will cease on December 27.

“As the crypto market matures, only the most resilient assets with robust ecosystems and real–world value can thrive through cycles. BGB, ranking 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 it to explore the dynamic decentralized world,” added Gracy Chen, CEO of Bitget.

For more details about the token merger, please visit the link.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real–time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world–class multi–chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/127bf539–7af1–41b7–8cee–cbe040f83e93



GLOBENEWSWIRE (Distribution ID 1001040589)

Leading Travel Marketplace WINGIE Unveils Key Travel Insights for 2024

DUBAI, United Arab Emirates and RIYADH, Saudi Arabia, Dec. 25, 2024 (GLOBE NEWSWIRE) — The leading online travel marketplace, WINGIE, experienced a remarkable growth in 2024, with bookings doubling compared to 2023. It reflects the increasing demand for travel, supported by data showing a steady rise in bookings, heightened traveler activity, and growing consumer confidence in global mobility.

WINGIE’s data revealed an average basket amount of $191, with Cairo emerging as the most popular destination, accounting for 28% of total bookings. Riyadh followed with 14%, Jeddah with 11%, Dammam with 10%, and Dubai with 7%. The busiest travel routes included Riyadh to Jeddah, which claimed 14% of bookings, followed by Jeddah to Cairo at 12%, Jeddah to Riyadh at 10%, and Cairo to Jeddah at 9%.

This year also saw incredible value for budget–conscious travelers. The most affordable ticket was priced at just $7.95 for a Tashkent to Samarkand flight, while the most expensive reached $11,562 for a Jeddah to London route.

Solo travel emerged as a dominant trend, with 74% of users opting to travel alone, while the remaining 26% traveled in groups of two or more. Booking behavior highlighted a preference for one–way tickets, which 57% of travelers chose, while roundtrip tickets accounted for 43%.

Wingie also provided insights into its user demographics. Men represented 63% of its customers, with women making up 37%. Additionally, 90% of its travelers were adults, 8% were children, and 2% were infants.

As a trusted platform connecting people with their dream destinations, WINGIE continues to lead the way in offering seamless and affordable travel experiences.

About Wingie Enuygun Group

Wingie Enuygun Group is a leading travel marketplace in the MENA region, specializing in flights through its platforms wingie.com, sa.wingie.com, wingie.ae and enuygun.com. The company offers a comprehensive range of travel products including flights, hotels, rental cars and bus tickets. Recognized for its innovation, Wingie Enuygun Group is at the forefront of the MENA online travel space, pioneering technological advancements and driving digital transformation within the industry.

Wingie leverages advanced AI technology to provide a seamless user experience, featuring virtual interlining for flights and a diverse array of airline tickets and travel content. The platform is available in six languages, employs over 400 people, and attracts approximately 200 million visitors annually, reaffirming its position as a premier choice for travelers.

Contact: marketing@wingie.com


GLOBENEWSWIRE (Distribution ID 1001040453)

Injonction préliminaire émise en faveur des sachets de nicotine 2ONE® contre les sachets Zone. Imperial se voit interdire toute vente future du produit [Zone] portant la marque Bullseye ou de toute imitation colorée ou marque d’un produit similaire portant à confusion et lié à la nicotine par voie orale

LAKE TAHOE, Nevada, 24 déc. 2024 (GLOBE NEWSWIRE) — 2ONE Labs et Performance Plus Marketing (« PPM ») ont obtenu une injonction préliminaire (« IP ») favorable dans le cadre du [...] Read more »

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Einstweilige Verfügung zugunsten von 2ONE® Nicotine Pouches gegen Zone Pouches – Imperial wird untersagt, in Zukunft das [Zone]-Produkt mit dem Bullseye-Zeichen oder ein farblich ähnliches Produkt oder ein Produkt mit einem verwechselbar ähnlichen Zeichen, das mit oralem Nikotin in Verbindung steht, zu verkaufen.

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Preliminary Injunction Issued in favor of 2ONE® Nicotine Pouches Against Zone Pouches – Imperial are enjoined from engaging in any future sales of the [Zone] product bearing the Bullseye Mark or any colorable imitation or mark confusingly similar product connected with oral nicotine

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