Bitget Token (BGB) is the native utility token of Bitget, a centralized cryptocurrency exchange (CEX). Launched initially in July 2021, BGB is designed to provide a wide range of utilities within the Bitget ecosystem. BGB holders can benefit from staking, social trading, profit sharing, and trading fee discounts. In addition, the token grants users exclusive access to the Launchpad and Launchpool features for participating in token sales and liquidity mining.

BGB also has governance capabilities, allowing holders to participate in decisions about the future direction of Bitget, such as new feature launches or policy changes. Additionally, users can stake BGB to earn rewards, further increasing the token’s appeal and providing investors with more opportunities to profit.

In 2024, BGB underwent a significant smart contract upgrade aimed at expanding its utility beyond centralized exchanges, opening the door to decentralized applications (DApps) and integrations with sectors such as DeFi, GameFi, and SocialFi. This upgrade allowed for futures trading with up to 50x leverage and new listings on additional decentralized and centralized platforms.

As the platform continues to grow, the use cases for BGB are expanding. Bitget plans to further strengthen BGB’s role within its ecosystem, encouraging more projects to participate and building a broader cryptocurrency market ecosystem. Through these diverse features, BGB enables Bitget users to not only be traders but also active participants in the platform's development.