Bubble
Bitget Token BGB
Bitget Token (BGB) was trading at $1.65, ranked #60 by market cap at $1.11B, with 24h volume of $18.98M.
Data snapshot: 2026-08-03 09:00 UTC.
BGB is the exchange token of Bitget, one of the larger centralized crypto exchanges, and doubles as the gas and governance token for Morph, an Ethereum layer-2 chain built through a Bitget-backed partnership. Roughly 40% of its original 2 billion supply was burned in a single event in December 2024, and Bitget runs ongoing quarterly buyback-and-burn cycles, positioning BGB as a deflationary exchange token rather than a fixed-supply one. BGB is the token of Bitget, an exchange that grew primarily through copy trading — letting users automatically mirror the positions of traders they select, which turned out to be a strong acquisition channel in derivatives markets. The token provides fee discounts and launchpad access, and the issuer has conducted buy-backs. Its trajectory is a reminder that exchange tokens track their exchange's growth, and that growth in this industry has often come from product distribution rather than from better technology.
What is copy trading?
A feature that lets a user automatically mirror the positions of a trader they select. It proved an effective way to acquire users in derivatives markets.
What does BGB provide?
Fee discounts, launchpad access and other platform benefits on the Bitget exchange.
Does it have supply reduction?
The issuer has conducted buy-backs funded by exchange revenue, reducing circulating supply over time.
What determines its value?
The exchange's volume and growth. Exchange tokens track their issuer's business rather than crypto-wide activity.
Market cap decides how big a bubble is drawn, so rank is what places BGB on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #38 | OKB (OKB) | $1.72B |
| #58 | KuCoin Token (KCS) | $900.64M |
| #60 | Bitget Token (BGB) | $1.11B |
| #97 | GateToken (GT) | $686.09M |
| #102 | Nexo (NEXO) | $462.92M |