Bitget Expands BGB Ecosystem with Morph Chain Integration and $1.1M Liquidity Pool on Bulbaswap
Press release
Victoria, Seychelles, January 8, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce the cross-chain integration of its native token, Bitget Token (BGB), onto the Morph Chain. This strategic move marks another milestone in expanding BGB's on-chain ecosystem and its commitment to empowering users with expanded accessibility and utility.
With the integration, BGB is now available on the Morph Bridge, facilitating seamless token transfers across multiple blockchains. Bitget has also launched a
liquidity pool for BGB on Bulbaswap, the central trading and liquidity marketplace on Morph, with the Total Value Locked (TVL) exceeding $1.1 million within days of its launch. Users can now participate in the liquidity pool to earn rewards while supporting BGB's ecosystem growth.
To incentivize on-chain activities related to BGB, participants of The Great Token Migration (Morph Zoo Season 2) can include BGB in their bridging activities to earn Morph Points. Eligible actions include bridging BGB from Ethereum to Morph, bridging it back from Morph to Ethereum, and holding BGB on Morph to accumulate Season 2 points. Bitget Wallet users benefit from a 1.2x multiplier on bridge scores during the event.
Gracy Chen, CEO of Bitget, commented on the integration: "Our commitment to BGB's long-term growth and utility remains resolute. By bridging BGB to the Morph Chain and introducing new liquidity pools, we are expanding its reach and providing users with more opportunities. This integration aligns with our vision to make BGB a cornerstone of both decentralized and real-world applications, empowering the BGB community to participate in the evolving Web3 ecosystem fully."
The Morph Chain integration is aligns with Bitget's broader strategy to enhance BGB's utility in both on-chain and off-chain scenarios. Recently, Bitget unveiled a new BGB whitepaper, outlining its ambitious plans for the token's future. Key initiatives include a buyback and burn program to establish a deflationary model to support long-term value. The first phase of this initiative has seen 800 million BGB burned, representing 40% of the total supply.
The whitepaper also outlines plans to position BGB as a core asset for staking, liquidity provision, and on-chain DeFi applications. Additionally, Bitget is actively working on integrating BGB into PayFi use cases, enabling real-world utility that includes payments for dining, travel, and shopping via the Bitget Card.
In 2024, BGB demonstrated remarkable growth, achieving a tenfold increase over the year and solidifying its position as one of the best-performing exchange tokens. According to CoinMarketCap, BGB now ranks #25 with a market capitalization of 74 billion.
Morph is an advanced Layer 2 scaling solution built on Ethereum, designed to enhance transaction speed and reduce costs while maintaining Ethereum’s security and decentralization. Backed by leading investors such as DragonFly Capital, Pantera Capital, and Foresight Ventures, Morph launched its mainnet in late 2024, introducing seamless cross-chain bridging and supporting a growing ecosystem of decentralized applications (dApps).
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to
Bitcoin price,
Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League,
LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes
Buse Tosun Çavuşoğlu (Wrestling world champion),
Samet Gümüş (Boxing gold medalist) and
İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For media inquiries, please contact:
media@bitget.com
Risk Warning:
Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our
Terms of Use
.
2025-01-08
Bitget Launches BGBTC Season One with Zero Fees and Flexible YieldsHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
Press releaseBitget and SlowMist Map Emerging Security Risks as AI Agents Begin Executing TradesVictoria, Seychelles, March 18, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has collaborated with blockchain security firm SlowMist, to release a joint research report examining the risks emerging as AI systems begin executing trades autonomously. As trading enters this “agentic” phase, where systems move beyond analysis into action, a new category of risk is taking shape, one that traditional security models were not designed to address. The report highlights a fundamental shif2026-03-18
Press releaseBitget lists Katana (KAT) for Spot Trading Victoria, Seychelles, March 18, 2026 — Bitget, the world’s largest Universal Exchange (UEX), announced the addition of Katana (KAT) in the Innovation Zone and Public Chain Zone for spot trading. Trading for the KAT/USDT pair opens on March 18, 2026, 13:00 (UTC), with withdrawals available from March 19, 2026, 14:00 (UTC). Katana (KAT) is a DeFi-focused Layer-2 blockchain engineered to transform passive liquidity into productive capital. Unlike traditional networks where bridged assets sit idle2026-03-18
Press releaseBitget Invites Affiliates to Split "The Missing 40%" Revenue Plus $1 Million USDT Prize Pool Victoria, Seychelles, March 17, 2026 — Bitget, the world's largest Universal Exchange (UEX), is inviting traders and content creators to claim their share of revenue that most exchanges keep to themselves. The Missing 40% campaign launches today with a $1 million USDT prize pool, built around a single premise: guaranteed 40% of the fees generated by an affiliate's community go back to the affiliate. The program paid out more than $20M in commissions to over 300k registered affiliates globally,2026-03-17
We offer all of your favorite coins！
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now