What is Bitget Token (BGB)?

Deep Dive

1. Dual Utility: Exchange + Blockchain Core

BGB serves two primary roles:
- Bitget Exchange: Offers fee discounts (up to 20%), VIP perks, and exclusive access to Launchpool token mining and airdrops.
- Morph L2: Became Morph’s gas token (for transaction fees) and governance token (voting rights) after a September 2025 partnership (Morph Foundation).

This dual role merges centralized exchange (CEX) benefits with decentralized chain utility, expanding BGB’s use cases beyond typical exchange tokens.

2. Tokenomics: Burns, Locks, and Scarcity

• Supply Reduction: 440M BGB (39% of total supply) transferred to Morph in 2025; 220M burned instantly, 220M locked with 2% monthly unlocks for ecosystem incentives.
• Dynamic Burns: Post-upgrade, burns are tied to Morph network activity, aiming to shrink supply to 100M (from ~1.1B in 2025).
• Deflationary Pressure: Over 860M BGB burned since 2024, including 30M in Q2 2025 alone (Bitget announcement).

3. Ecosystem Synergy

• Bitget Wallet Integration: BGB pays gas fees across 130+ blockchains via Bitget Wallet’s GetGas feature.
• Morph’s Consumer Focus: Morph targets Web3 payments and real-world asset (RWA) settlements, leveraging Bitget’s 120M+ users for adoption.

Conclusion

BGB bridges centralized trading and decentralized infrastructure, evolving from an exchange token into a cross-chain utility asset. With its supply mechanics and Morph’s growth, will BGB’s hybrid model set a new standard for CEX-native tokens?