What is Bitget Token (BGB)?

Deep Dive

1. Purpose & Value Proposition

BGB serves as the backbone of Bitget’s ecosystem, offering users trading fee discounts (up to 20%), early access to token launches, and staking rewards. Its role expanded in 2025 when it became the gas and governance token for Morph, a consumer-focused Ethereum Layer 2 chain, enabling low-cost transactions and decentralized decision-making (Morph Foundation).

2. Tokenomics & Governance

BGB employs a deflationary model:
- Burns: 220 million BGB (50% of 440M transferred to Morph) were burned in 2025, with remaining tokens unlocked gradually for ecosystem incentives.
- Supply cap: Target reduced to 100 million via burns tied to Morph’s onchain activity.
- Governance: Holders vote on protocol upgrades and fee structures within Morph’s decentralized framework.

3. Ecosystem Integration

BGB bridges Bitget’s centralized exchange (120M+ users) and decentralized tools:
- Bitget Wallet: Pay gas fees across 100+ chains using BGB.
- Morph PayFi: Powers global crypto payments, including Visa/Mastercard integrations.
- Launchpool: Stake BGB to earn new token airdrops and rewards.

Conclusion

BGB has evolved from a basic exchange token to a multi-chain utility asset, combining CEX benefits with DeFi functionality. Its deflationary mechanics and Morph integration position it as a hybrid token for everyday crypto transactions. How will BGB’s role in consumer finance expand as Morph scales?