What is Bitget Token (BGB)?

TLDR
Bitget Token (BGB) is the native utility and governance token powering Bitget’s centralized exchange and decentralized wallet ecosystem, designed to enhance user benefits and platform engagement.

1. Utility backbone – Unlocks trading discounts, staking rewards, and exclusive access to new crypto projects.
2. Deflationary design – Regular token burns reduce supply, aiming to increase scarcity over time.
3. Cross-chain integration – Operates on Ethereum and Morph blockchains, bridging CeFi and DeFi use cases.

Deep Dive

1. Purpose & Value Proposition

BGB serves as the connective tissue for Bitget’s ecosystem. Holders gain fee discounts (e.g., 20% off spot trading fees), early access to token launches via Launchpad/Launchpool, and eligibility for profit-sharing programs. It also powers Bitget Wallet’s on-chain features, enabling gas fee payments and NFT interactions (Bitget).

2. Tokenomics & Governance

Originally launched with 2 billion tokens, BGB’s supply was cut to 1.2 billion after a 2024 burn of 800 million tokens. A dynamic burn mechanism now ties quarterly burns to on-chain gas usage—30 million BGB ($138M) were destroyed in Q2 2025 alone (Bitget announcement). Token allocation includes ecosystem development (15%), team incentives (20%), and user rewards (15%).

3. Key Differentiators

Unlike many exchange tokens, BGB extends beyond fee discounts:
- Multi-chain utility: Functions as both an ERC-20 token and on Morph, a non-minting chain optimized for low fees.
- Ecosystem alignment: Integrates with Bitget Wallet’s 130+ supported blockchains and 20,000+ dApps.
- Governance participation: Allows voting on platform upgrades and token listings (TokenInsight report).

Conclusion

BGB anchors Bitget’s strategy to merge centralized efficiency with decentralized innovation, rewarding participation while systematically reducing supply. As the platform expands into AI trading and real-world asset tokenization, will BGB’s utility keep pace with its deflationary mechanics?