About Bitget Token (BGB)

What is Bitget Token (BGB) in crypto?

Bitget Token, or BGB, runs at the center of Bitget’s world — powering its exchange, wallet, and PayFi apps. It’s an ERC-20 coin built on Ethereum, not just for trading but for staking, voting, and even paying gas across chains. You could say it’s the thread that stitches Bitget’s CeFi and DeFi layers together, one utility at a time.

How does BGB actually function day to day?

It keeps things moving. Holders pay trading fees with it for discounts, stake it to earn new crypto, and use it inside Bitget Wallet to cover gas or join early Launchpad sales. You might even vote on listings or use it for profit-sharing in copy trading. It’s a quiet workhorse — not flashy, but always doing something in the background.

What changed after the big BGB burn?

A lot. In December 2024, Bitget burned 800 million tokens, cutting total supply by 40 % to 1.2 billion. That wasn’t a one-off either — since 2025, 20 % of quarterly profits go into buybacks and burns. The result: a token that shrinks as the ecosystem grows. It’s a cleaner, more deflationary setup than most exchange coins ever manage.

How were tokens unlocked or merged over time?

Team and marketing allocations had cliffs, then slow linear releases — no instant dumps. Later, Bitget merged its wallet token (BWB) into BGB, a one-to-one ecosystem swap that didn’t inflate supply. Then came the Morph deal: 220 million burned, 220 million locked to back Layer-2 growth. These moves turned BGB’s vesting phase into a near-finished story.

Who invested in Bitget’s growth?

On April 4 2023, Bitget raised $10 million USD in a Funding Round led by Dragonfly Capital, a Tier 2 venture fund. It wasn’t about selling tokens — it was about scaling the platform itself. Dragonfly’s support gave Bitget extra weight in global markets without changing how BGB was distributed or controlled.

Was there ever an ICO or token giveaway?

No big ICO. Instead, Bitget swapped its old BFT token one-to-one for BGB in 2022. Since then, there’ve been Launchpads, Launchpools, and small airdrops for loyal users. When BWB holders swapped to BGB, that too felt more like a reward for staying in the ecosystem than a speculative sale.

Where’s BGB traded and how deep is liquidity?

Mostly on its home turf — Bitget’s BGB/USDT market drives nearly all volume. You’ll still find it on MEXC, Ourbit, and Uniswap V2 if you prefer to go off-exchange. Bitget’s public wallet proofs show hundreds of millions of BGB in reserves, so liquidity isn’t just strong — it’s verifiable on-chain.

What’s next for BGB’s roadmap?

Bitget’s pushing beyond trading. BGB now fuels Morph Layer-2, links to Bitget Pay and the Bitget Card, and stays tied to quarterly burns funded by profits. The goal’s bigger than exchange perks — it’s turning this token into something useful in real-world, usd-linked payments and on-chain governance.

Any real risks to watch for?

Sure. Centralization’s still there — Bitget holds most of the power and liquidity. Regulation could tighten, and if profits dip, buybacks slow. None of that’s unusual in crypto, but it’s worth keeping in mind. BGB’s long game depends on Bitget staying strong, transparent, and relevant when the next market storm hits.