Bitget to Burn 2.56% of BGB Tokens in Q2 2025

Bitget, a prominent cryptocurrency exchange and Web3 company, has announced its plan to burn 30,001,053.1 BGB tokens, equivalent to approximately $138 million, for the second quarter of 2025. This move represents 2.56% of the total supply of BGB tokens and brings the total burn for the first half of the year to over 5% of the total supply. The burn is part of Bitget’s strategy to enhance the value and utility of its native ecosystem token, BGB.

BGB has established itself as one of the top-performing centralized exchange tokens of 2025, consistently ranking high in terms of market capitalization. Since its launch, BGB has undergone several strategic upgrades, becoming a core asset within the Bitget ecosystem. Its utility spans various platform features, including staking, fee discounts, Launchpad access, and exclusive campaign eligibility. With over 120 million users in the Bitget ecosystem, BGB serves as the backbone for user incentives and liquidity across various products.

The quarterly BGB burn mechanism is an automated, pre-disclosed program that removes a portion of circulating tokens based on revenue performance and BGB usage on the platform. This structured approach reflects both the exchange’s growth trajectory and the increasing transactional demand for BGB. As Bitget continues to expand into new regions and product verticals, from AI-powered trading to Launchpool innovations, the utility of BGB keeps increasing across the platform.

“BGB has become one of the most attractive and best-performing CEX tokens,” said Gracy Chen, CEO of Bitget. “Its utility and growth have been indicators of its potential. With every burn, we invest in BGB’s future that’s driven by its strong community and growth.”

The recent token burn reduces the total supply and builds long-term holder confidence by decreasing inflationary pressure. This creates a more favorable environment for price support and ecosystem maturity. As Bitget grows, the corresponding burn volumes are expected to increase in scale, further enhancing the deflationary dynamics that support BGB’s valuation.

With a focus on platform growth and product innovation, Bitget continues to drive strategic alignment with the token ecosystem. The Q2 burn represents confidence in BGB’s long-term position as a strong utility token within the cryptospace.

Established in 2018, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to cryptocurrency prices. Bitget Wallet, formerly known as BitKeep, is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, including its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in various markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu, Samet Gümüş, and İlkin Aydın, to inspire the global community to embrace the future of cryptocurrency.