Bitget Token (BGB)
CryptoScore Pro global score : 68/100 (computed on 2026-10-28)
Bitget Token (BGB) is a utility and governance token native to Bitget, one of the world’s largest centralized cryptocurrency exchanges by trading volume, operating primarily in Asia with a global user base. Launched in May 2022 on the Ethereum blockchain—with an additional deployment on Morph L2—the token serves as a bridge between Bitget’s ecosystem and decentralized finance (DeFi) infrastructure. Its primary function revolves around staking rewards, fee discounts for traders, and participation in governance decisions, positioning BGB as both a tool for yield generation and a stake in the exchange’s operational success. The token’s integration with Morph L2, a high-performance Ethereum scaling solution, underscores Bitget’s strategic pivot toward layer-2 adoption, aligning with the broader industry shift away from Ethereum’s high gas costs. However, BGB’s value proposition hinges critically on Bitget’s ability to sustain its competitive edge in a crowded exchange market, where user acquisition and regulatory compliance remain persistent challenges. With a market capitalization of over $1.3 billion and a circulating supply of nearly 700 million tokens, BGB’s liquidity and…
Scores by pillar
| Technology | 39/100 |
|---|---|
| Tokenomics | 62/100 |
| Team | 61/100 |
| Adoption | 87/100 |
| Liquidity | 69/100 |
| Compliance | 76/100 |
Market data
| Price | $1.88 |
|---|---|
| Market cap | $1.31B |
| 24h volume | $10.64M |
| Market cap rank | #77 |
| 24h change | +0.21% |
| 7d change | -3.03% |
| Blockchain | Ethereum |
| Sector | Exchange-based Tokens |
Analysis
BGB ensures the functioning of the Bitget ecosystem. This utility token relies on the Ethereum chain and Morph L2, a second-layer solution to reduce fees. The protocol has been mature since May 2022. The token is used for trading fee discounts and staking, which refers to locking funds for yield.