Bitget Token

Bitget Token (BGB) is the ecosystem token of the crypto exchange Bitget and was issued on Ethereum. By merging BWB, the token of its wallet product, into BGB, Bitget made BGB the shared token for both the exchange and Bitget Wallet. The token is also available on Morph, an Ethereum layer-two network; Bitget has announced that it positions BGB as the gas and governance token of this network.

On the exchange side, BGB holders can benefit from trading fee discounts, participation in new token distributions (Launchpool- and Launchpad-style campaigns) and various membership perks. On the wallet side, the token has uses in cross-chain transactions and ecosystem campaigns. Bitget has announced that it will carry out periodic token burns to reduce the total supply.

For exchange tokens, the price depends largely on the issuing exchange's trading volume, reputation and regulatory proceedings; burn programs, the level of adoption of the Morph network and competition among centralized exchanges can also influence BGB. Lzzo.com provides DefiLlama's dollar-denominated reference price for this token and a historical price chart from the same source.