Bitget Token

BGB was created in 2021 as the platform token of the Bitget exchange, which went live in July 2018, and of Bitget Wallet. The whitepaper names CEO Gracy Chen, COO Vugar Usi Zade, CLO Hon Ng and CBO Min Lin, and about 1,900 employees in over 60 countries. After the September 2025 partnership, CoinGecko describes the non-profit Morph Foundation as solely responsible for BGB's future development, while Bitget keeps supporting the token with fee discounts and Launchpool. Development therefore depends on two linked organisations, and decisions remain concentrated. No public data on independent developer teams for BGB were found.

• Bitget Token (BGB) Whitepaper
• CoinGecko API: Bitget Token

No ETF, ETP or regulated institutional holder of BGB was found in the available data. Ownership is concentrated. On 27 September 2026, after the burn address, the largest Ethereum holders were one address with about 229.5 million BGB and a Safe multisig with about 210.9 million BGB. Together they hold about 48% of the roughly 910.9 million BGB outside the burn address. The explorer does not label who owns them. Blockscout counted 22,925 holder addresses for the contract. Access is also limited by geography: Bitget's terms list the United States, Canada, Hong Kong, Singapore, Japan, France and Germany among countries where it does not serve users.

• Blockscout Ethereum: BGB token holders
• Terms of Use | Bitget Support Center

BGB started with a fixed 2 billion tokens. Bitget burned 800 million team-held BGB, completed in January 2025. In September 2025 it transferred 440 million BGB to the Morph Foundation: 220 million were burned at once and 220 million were locked, releasing at 2% per month for liquidity, ecosystem and education. On 27 September 2026 the burn address held 1,089,079,125 BGB, leaving about 910.9 million outside it; CoinGecko shows about 700 million in circulation. Quarterly burns are tied to ecosystem fee value and the average BGB price, with a target of 100 million BGB, and burn parameters are to be set by community voting. The steady release of the 220 million locked tokens adds supply while burns reduce it.

• Evolving BGB for Ecosystem Growth (Morph Blog)
• Bitget to Transfer 440 Million BGB to Morph Foundation (GlobeNewswire)
• Blockscout Ethereum: BGB token holders
• Bitget Token (BGB) Whitepaper

Most BGB use happens inside the Bitget exchange: spot fee discounts, VIP levels, Launchpool and Launchpad access, and gas in Bitget Wallet. On-chain, Blockscout counts 22,925 holder addresses and 188,411 transfers for the Ethereum contract on 27 September 2026. Since September 2025 BGB is also the gas and governance token of the Morph Layer 2 network, but no data on Morph fee volume paid in BGB were found. The whitepaper plans payments through Bitget Pay and Bitget Card, yet no payment volume data exist. Data on real network usage are insufficient.

• Blockscout Ethereum: BGB token
• Evolving BGB for Ecosystem Growth (Morph Blog)
• Bitget Token (BGB) Whitepaper