Launched in 2021, Bitget Token (BGB) was initially created as the platform token for the Bitget exchange and Bitget Wallet. Bitget is led by a team of visionary early adopters committed to a blockchain-powered future. Its leadership includes professionals with experience at global firms such as Goldman Sachs, Facebook, and Binance, including CEO Gracy Chen, COO Vugar Usi Zade, and CLO Hon Ng. In September 2025, Bitget entered a strategic partnership with the Morph chain. The Morph Foundation, a non-profit decentralized organization, now oversees the future development of BGB.

BGB is the gas and governance token of the Morph chain. At the same time, BGB will also get support from its partners, such as exchanges and wallets, serving as a key medium for Launchpool's new token mining, fee discounts, and more.

The initial supply of Bitget Token (BGB) was fixed at 2 billion. As of September 2025, the circulating supply is 699,992,035 BGB. The Morph Foundation plans to implement an updated burn mechanism tied to Morph network activity, with a long-term goal of reducing the total BGB supply to 100 million.

Bitget Token (BGB) initially launched on Ethereum's blockchain using the ERC-20 standard and Proof-of-Stake (PoS) consensus, making it compatible with any Ethereum wallet. Following the strategic partnership between Bitget and Morph, an increasing portion of the BGB supply will migrate to the Morph chain, where it functions as the gas and governance token.

Bitget Token (BGB) can be purchased directly on the Bitget exchange. BGB is also available for trading on MEXC, Bitfinex, Uniswap, and BulbaSwap.