Bitget Token (BGB) Exchange

About Bitget Token

BGB is the native utility token of the Bitget ecosystem, serving the Bitget centralized exchange and the Bitget Wallet decentralized ecosystem. Launched as an ERC-20 token on Ethereum on July 26, 2021 at an issue price of $0.0585, BGB provides trading fee discounts, early access to token launches through Bitget Launchpad and Launchpool, staking rewards, Vote to List participation (where holders vote on new exchange listings), and VIP tier benefits including reduced withdrawal fees and priority customer support. On December 26, 2024 Bitget announced the merger of the Bitget Wallet Token (BWB) into BGB, consolidating the centralized and decentralized ecosystems under a single token. In September 2025 Bitget entered a strategic partnership with Morph, an Ethereum Layer 2 network, under which BGB became a gas and governance token on Morph. Bitget is led by CEO Gracy Chen. On September 24, 2026 Bitget detected unauthorized transfers from its hot wallets; the exchange suspended withdrawals and completed a phased restoration on October 2, 2026.

BGB tokenomics

BGB's supply has been reduced through large token burns. The original total supply was 2 billion BGB, and the burns turned it into a progressively deflationary token model.
Original total supply — 2,000,000,000 BGB (2 billion)
December 2024 burn — 800 million BGB (40% of total supply) burned in December 2024, reducing total supply to 1.2 billion with all remaining tokens in circulation, according to Bitget
September 2025 Morph transfer — Bitget transferred the 440 million BGB held by its team to the Morph Foundation; 220 million were burned immediately and 220 million were locked with a 2% monthly release
Quarterly burn — since 2025 Bitget burns BGB each quarter based on on-chain gas usage through the Bitget Wallet GetGas feature; the Q1 2025 burn was 30,006,905 BGB and the Q2 2025 burn was 30,001,053 BGB, and the quarterly burns continue until total supply reaches 100 million, according to Bitget
Circulating supply — approximately 700 million BGB as of October 2026, according to CoinGecko
Vesting — remaining locked allocations are released on schedules published by Bitget

What determines BGB's value

BGB's value is driven by Bitget's exchange growth (user count, trading volume, fee revenue), the burn mechanism, and on-chain utility through Morph and Bitget Wallet. Every quarter, a portion of BGB is permanently removed from circulation based on on-chain gas usage, which links ecosystem activity and supply reduction.

BGB combines CEX fee reductions, Launchpad access, Vote to List, and gas and governance on Morph, which broadens its demand base beyond traders. Bitget's User Protection Fund adds a security-net function; after the September 2026 hot wallet incident, Bitget said the fund covered the losses, and Reuters and Forbes reported the theft at about $351.6 million, later revised to $387.5 million by Bitget. Competition from BNB (Binance), OKB (OKX), and other exchange tokens remains intense, and BGB's trajectory depends on whether Bitget can keep growing its user base and regain user confidence after the incident.