Bitget Token
BGB#55BGB is the token of the Bitget crypto exchange and its Bitget Wallet.
- Market cap
- $1.4B
- Volume 24h
- $14.5M
- All-time high
- —
- Circulating supply
- 699.99M of 919.99M
Passes our 8 Shariah criteria. Needs caution: business model, excessive uncertainty (gharar), and benefit and harm (maslahah).
- 5 pass
- 3 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold Bitget Token?8 Shariah criteria
5 pass · 3 caution · 0 failHolding BGB pays no interest; the interest-style returns on offer come from optional Bitget products, not from the token.
Riba means interest or any fixed increase on a loan. Holding BGB pays nothing: it is an ERC-20 token and does not secure a proof-of-stake network, so there is no validator reward. Islamic Finance Guru (IFG) rates BGB permissible, and nothing in the token itself is a loan. The score is not the maximum for one concrete reason: Bitget markets interest-style returns on BGB through its own products, such as Simple Earn, which Bitget describes as a way to 'earn daily interest' at an estimated APR.
These products are optional and are assessed separately under yield products and lending, where they fail.
BGB has real uses: trading-fee discounts, launch access and gas on Bitget Wallet, with a planned gas and governance role on Morph.
BGB gives fee discounts and access to token launches on Bitget, pays gas in Bitget Wallet, and in September 2025 was named the gas, governance and payment token of the Morph Layer 2 network. That is real utility, not a purely speculative record, and IFG and Sharlife both rate BGB permissible. Bodies such as Darul Uloom Karachi and Indonesia's MUI doubt whether crypto in general is property (mal), but they do not name BGB and give no concrete reason against this token, so the criterion gets the maximum score. Whether the Morph role is already live is recorded as a data gap.
BGB is not a betting token, but its main holder perks are airdrops of newly listed tokens on a derivatives-led exchange.
Maysir means gambling, or gains that depend mainly on chance; ordinary price swings are not maysir. BGB has fee, gas and governance uses and no chance-based payout, so IFG's permissible rating holds here. The score is lowered a little for a concrete feature: BGB's main holder perks are Launchpool and PoolX airdrops of newly listed tokens, which Bitget's whitepaper markets with an average APR of 90%, on an exchange whose volume is mostly derivatives. A daily BGB lottery reported by ShariaQuant was not found in the whitepaper and is not counted.
Bitget is a derivatives-led exchange, so disputed income is very likely above the 20% limit, but it publishes no revenue split and the share cannot be measured.
For exchange tokens, the test looks at the income of the exchange behind them; fees from leveraged trading are disputed income with a 20% limit, and AAOIFI Shari'ah Standard 20 treats futures without delivery as impermissible. IFG rates BGB permissible, but it does not test Bitget's revenue, and here there is a concrete, sourced problem: Bitget's whitepaper says it grew from a derivatives platform, and on 27 September 2026 about 89% of its trading volume was derivatives (CoinGecko). It also offers margin trading, crypto loans and Earn products.
Bitget publishes no revenue breakdown, so the share cannot be measured; under the threshold rule, impermissible revenue that is shown to exist but whose share is unknown is caution, here at the bottom of the band.
Burns are visible on-chain, but ownership is highly concentrated, a large treasury is still being released, and the burn formula can be changed.
Gharar means excessive uncertainty or hidden terms. The supply started at 2 billion, and burns are visible: on 27 September 2026 the burn address held about 1.09 billion BGB. Two concrete transparency problems remain. Outside the burn address, two unlabelled Ethereum addresses held about 440 million BGB, roughly 48% of the remaining supply, and the quarterly burn formula has factors that governance can change. Bitget's proof of reserves is self-published, with no independent audit found. This is partial opacity, so caution, not fail.
Fee discounts and gas are permissible uses, but Bitget prominently promotes BGB for interest-style Earn and loan products.
BGB's core uses are permissible in themselves: fee discounts on spot trading, gas in Bitget Wallet and the planned gas and voting role on Morph. The score is lowered because Bitget's own whitepaper promotes disputed uses prominently: staking BGB in Launchpool and PoolX to 'earn passive income', placing it in Simple Earn, which pays interest, and using it as collateral in Crypto Loans. How much BGB goes to each use is not measured, which is recorded as a data gap rather than counted against the token.
BGB can be bought spot with full payment and held in self-custody.
This criterion only asks whether the asset can be owned in a permissible form. BGB is an ERC-20 token, also on Morph, so it can be held in self-custody, and it trades spot at Bitget, MEXC, Kraken and on decentralised exchanges such as Uniswap. It does not exist only as a leveraged or derivative wrapper, so the criterion gets the maximum score. Bitget's Terms of Use exclude users in several countries, which limits access but is not a Shariah problem.
BGB supports payments and a Layer 2 network, but the exchange behind it builds its business on marketing leveraged futures and copy trading to retail users.
Maslahah means weighing real benefit against real harm. On the benefit side, BGB has real uses, and Bitget publishes a proof of reserves and keeps a user protection fund of about 6,500 BTC. On the harm side, there is a concrete, sourced concern: Bitget describes itself as the largest crypto copy-trading platform, including futures copy trading, and derivatives were about 89% of its trading volume on 27 September 2026; leveraged trading exposes retail users to rapid losses.
BGB itself is not a tool for fraud or sanctions evasion, so harm does not dominate, but it keeps this criterion at caution.
How you can use it
Tap a card for the ruling and sourcesSpot BGB with full, immediate payment is available on Bitget, MEXC, Kraken and decentralised exchanges such as Uniswap, and it can be withdrawn to a personal wallet. Spot is acceptable for a HALAL-rated asset; the remaining doubts concern Bitget, the issuer, not the spot method.
No exchange-traded fund or product holding BGB was found, so this route is not available. A fund that holds BGB itself would be judged like spot, with its structure checked for lending and interest income.
BGB can pay gas in Bitget Wallet; paying gas on Morph and Bitget Pay and Card uses are planned; no payment volume data were found. Tier-1 bodies such as MUI (Indonesia, 2021) prohibit crypto as a means of payment, so this use is caution.
BGB has no native validator staking: it does not secure a proof-of-stake network. Products labelled 'staking' on Bitget, including Launchpool, PoolX and the fixed-rate staking pool reported by ShariaQuant, are not validation work, so their source of return is unclear at best; interest-bearing variants are covered under yield products.
Always fail: borrowing with leverage and deferred exchange without delivery (AAOIFI SS 20). Bitget offers margin trading.
Always fail: futures, perpetuals and options are deferred exchange without delivery, with leverage (AAOIFI SS 20). Bitget's core business is perpetual futures.
Lending BGB for a return is riba. Bitget runs Crypto Loans that accept BGB as collateral, and the whitepaper plans BGB lending on DeFi protocols; lending for interest is not acceptable.
Bitget's Simple Earn pays what Bitget itself calls daily interest at an estimated APR, and ShariaQuant reports a fixed 5% APY BGB staking pool, so these fail. Launchpool and PoolX airdrops of new tokens have an undisclosed source and would be caution at best.
Scholars quotes
The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.The meeting concluded that exchange tokens are compliant with Shariah principles, meaning they do not inherently pose any Shariah issues.As I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.As the token is rated non-compliant due to structural Riba and Maisir mechanisms directly tied to its value accrual, holding or trading BGB is not recommended for Shariah-conscious investors.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
Section in preparation
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