Bitget Burns 30m BGB Worth $138 Million For Q2 2025

VICTORIA, Seychelles, July 10 (Bernama) -- Bitget, the leading cryptocurrency exchange and Web3 company, is set to burn 30,001,053.1 BGB (2.56% of total supply) tokens for the second quarter of 2025, equivalent to approximately $138 million based on the Q2 2025 average price. This brings the total burn for the first half of the year to over 5% of the total supply of the BGB token, based on Bitget’s strategy of growing the native ecosystem token.

BGB has emerged as one of the top-performing centralized exchange tokens of 2025, consistently ranking high in terms of trading volume and market capitalization. Since its initial launch, BGB has had several strategic upgrades, evolving into a core asset within the Bitget ecosystem. Its growing popularity is fueled by increasing demand for its utility across various platform features, including staking, fee discounts, Launchpad access, and exclusive campaign eligibility. With over 120 million users in the Bitget ecosystem, BGB runs the infrastructure, as the pillar of support for users incentivization and liquidity across various products.