Bitget Token (BGB) is a cryptocurrency that began as the Bitget exchange platform token and now serves as gas and governance token for Morph's blockchain. According to CoinGecko and similar sources, BGB launched in 2021 and was first positioned as the platform token for the Bitget exchange and Bitget Wallet.
BGB's issuer, Bitget, has a leadership team that includes professionals with backgrounds at firms such as Goldman Sachs, Facebook and Binance. Publicly named executives include CEO Gracy Chen, COO Vugar Usi Zade and CLO Hon Ng.
BGB's role changed in September 2025, when Bitget entered a strategic partnership with the Morph chain. According to Bitget's announcement, the Morph Foundation, a non-profit decentralised organisation, has since been responsible for BGB's long-term roadmap and development.
BGB is now the primary token of Morph's blockchain, serving as the gas, governance and payment token across the network. Transaction fees on Morph and participation in protocol decisions are both routed through BGB.
BGB also continues to receive support from partner services such as exchanges and wallets. On Bitget, BGB remains a medium for Launchpool new-token mining, trading fee discounts and similar platform features alongside its on-chain role.
Data provided by CoinGecko
BGB's initial supply was fixed at 2 billion tokens, and according to Bitget, 800 million tokens, or 40% of that supply, were burned on 30 December 2024, leaving a total supply of 1.2 billion. Per CoinGecko's project description, BGB's circulating supply was about 699,992,035 tokens as of September 2025.
BGB's supply fell further during the Morph transition in September 2025. According to Bitget's announcement, 440 million team-held tokens were transferred to the Morph Foundation, which burned 220 million immediately and locked the other 220 million for release at 2% per month as ecosystem incentives.
BGB's future burns follow a quarterly mechanism announced by the Morph Foundation, with the amount tied to Morph ecosystem fees, network activity and governance parameters. Per the Morph Foundation, the long-term goal is to keep burning until the total supply falls to 100 million tokens.
BGB's notable strengths include a clearly defined role as gas and governance token on Morph, practical use across exchange and wallet services, and a burn design linked to network activity and aimed at reducing supply over time. Spanning both an infrastructure layer and platform utilities is an unusual structural feature of BGB.
BGB also carries risks. The token is exposed to policy changes at the Bitget exchange and the Morph Foundation, and if Morph network usage falls short, quarterly burns or governance plans may not unfold as described. Broader regulatory conditions and market volatility also apply, and this overview is educational information rather than investment advice.
Links to major exchanges below. Check listing and fees on each exchange. Not investment advice; links may contain affiliate (referral) codes.