Bitget Token (BGB) Comprehensive Overview
Core Definition and Technology
Bitget Token (BGB) was launched in 2021 as the platform token for the Bitget exchange and Bitget Wallet. BGB is a decentralized token that is the primary token of Morph's blockchain, serving as the gas, governance, and payment token across the layer. Bitget Token (BGB) initially launched on Ethereum's blockchain using the ERC-20 standard and Proof-of-Stake (PoS) consensus, making it compatible with any Ethereum wallet.
Blockchain Architecture and Network Security
BGB does not run its own blockchain or bespoke consensus. Its security relies on Ethereum's PoS validator set and its settlement benefits from Ethereum's Finality properties. Following the strategic partnership between Bitget and Morph, an increasing portion of the BGB supply will migrate to the Morph chain, where it functions as the gas and governance token.
Primary Use Cases and Real-World Applications
As a utility token, it can be used for trading, paying transaction fees, participating in platform activities, and accessing perks. Key use cases include:
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Trading Fee Discounts: Users may receive lower spot and derivatives trading fees when they pay fees in BGB or maintain specified holdings, according to Bitget's current fee policy.
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Platform Governance: BGB holders can participate in governance decisions, including voting on new token listings, feature implementations, and other platform developments.
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Launchpad and Launchpool Access: Holding BGB grants priority access to new token offerings and IDOs (Initial DEX Offerings) on the Bitget Launchpad.
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Staking and Passive Income: Users can stake their BGB tokens with no lock-up period, allowing them to withdraw their assets at any time while earning interest. Fixed Staking provides higher APY in exchange for committing BGB tokens for a predetermined period, typically ranging from 30 to 90 days.
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Payment Infrastructure: BGB token will also be integrated with Bitget's PayFi products, Bitget Pay and Bitget Card, and can be used for payments for dining, travel, shopping, and more, with select merchants offering discounts for purchases made with BGB.
Founding Team and Project History
Leadership includes professionals with experience at global firms such as Goldman Sachs, Facebook, and Binance, including CEO Gracy Chen, COO Vugar Usi Zade, and CLO Hon Ng. Bitget's founding team discovered blockchain technology in 2015, but it was viewed as "tulip mania" by the industry back then. In 2018, they became intrigued by cryptocurrency after studying the Bitcoin whitepaper and Ethereum ecosystem. Today, Bitget ranks among the top four global crypto exchanges.
Tokenomics
Supply Structure
BGB had an initial supply of 2 billion tokens, with 25% allocated to BFT holders through a swap. The remaining 75% is distributed across community acquisition, branding and growth, ecosystem investment, core team incentives, and investor protection.
Circulating and Total Supply
As of September 2025, the circulating supply is 699,992,035 BGB. A total of 800 million tokens were burned, reducing BGB's total supply to 1.2 billion, all of which are now in full circulation.
Deflationary Mechanics
Starting in 2025, the burn amount will be based on the "Quarterly Amount of BGB Used as Gas Fee". Bitget will dedicate 20% of profits generated each quarter to the buyback and burn program. This includes revenue from fees paid on the spot, futures, and margin trading platforms, as well as fees generated from swaps, futures, and NFT trading on the Bitget Wallet. The Morph Foundation plans to implement an updated burn mechanism tied to Morph network activity, with a long-term goal of reducing the total BGB supply to 100 million.
Consensus Mechanism
Because BGB is an Ethereum-based token, it inherits the chain's security and settlement guarantees, including the Proof of Stake consensus introduced to Ethereum's Consensus Layer.
Key Partnerships and Ecosystem Integrations
Morph Chain Partnership
In September 2025, Bitget entered a strategic partnership with the Morph chain. The Morph Foundation, a non-profit decentralized organization, now oversees the future development of BGB. Bitget will transfer all BGB tokens that it controls, 440 million in total, to the Morph Foundation, with 220 million burned immediately and the remaining 220 million locked with gradual release to support ecosystem growth.
Exchange Listings
BGB is also available for trading on MEXC, Bitfinex, Uniswap, and BulbaSwap. Bitget Token ($BGB) was listed on the Kraken exchange, significantly expanding its trading venues.
Bitget Ecosystem
Bitget is a leading cryptocurrency exchange founded in 2018, offering spot and derivatives trading for over 800 crypto assets. The exchange is also well known for its copy trading feature, where users can easily replicate the strategies of successful traders by simply choosing a trader and setting up their own parameters, before automatically entering and exiting positions at the same time as the trader they're copying.
Competitive Advantages and Unique Value Proposition
In this fiercely competitive environment, Bitget has defied the odds to become the fastest-growing CEX in recent years. BGB is not competing to be a general-purpose blockchain or a complex DeFi protocol; it focuses on exchange-aligned features. This clear scope can be an advantage for both user understanding and product iteration.
The launch of Bitget Onchain in April 2025, which generated over $2.4 billion in cumulative trading volume by year-end, further enhances the ecosystem. Recent reports from late 2025 and early 2026 highlight Bitget's success in tokenized stocks, with cumulative futures volume reaching approximately $18 billion by December 2025.
Current Development Activity and Roadmap
Bitget Token's roadmap focuses on ecosystem expansion and utility enhancements. Monthly Token Unlock (February 2026) – 4.4M BGB released for ecosystem incentives. Q1 2026 Token Burn – Quarterly deflationary event tied to on-chain activity. Wallet Card Expansion (2026) – Global rollout of crypto payment infrastructure.
Each month until 2030, Morph Foundation releases 2% of 220M locked BGB (4.4M BGB monthly) to fund liquidity incentives, developer grants, and user education.
Sources:
- https://coinmarketcap.com/currencies/bitget-token-new/
- https://www.bitget.com/events/BGB/intro
- https://coinmarketcap.com/cmc-ai/bitget-token-new/latest-updates/
- https://www.coingecko.com/en/coins/bitget-token
- https://www.coinbase.com/price/bitget-token-new
- https://www.bitget.com/price/bitget-token
- https://www.cryptohopper.com/currencies/detail?currency=BGB
- https://www.cube.exchange/what-is/bitget-token
- https://www.bitget.com/price/bitget-token/what-is
- https://www.coingecko.com/learn/what-is-bitget-and-the-bitget-token-bgb
- https://blog.morph.network/morphing-with-bitget/
- https://www.bitget.com/aboutus
- https://coinmarketcap.com/exchanges/bitget/
- https://www.bitget.com/cdnstatic/files/BGB-whitepaper-en.pdf
- https://www.theblock.co/learn/308617/what-is-bitget