PANews reported on December 26 that according to the official announcement, Bitget announced that it will support the merger and token swap of Bitget Wallet Token (BWB) and Bitget Token (BGB) at 16:00 (UTC+8) on December 27, 2024, and will remove the BWB/USDT spot trading pair and related services. The token swap will be calculated based on the 7-day average closing price from December 19 to 25, 2024. The average price of BWB is 0.3934 USDT, and the average price of BGB is 4.5940 USDT. The exchange ratio is 1 BWB = 0.08563 BGB. After the swap is completed, the BWB in the user's account will be recycled and destroyed, and BGB will be airdropped in proportion. This merger will not affect the total issuance of BGB, and no new tokens will be added.