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Is Bitget Token (BGB) halal?

Questionable

No condition fails, but 1 point remains to be verified or falls under a tolerated case.

Verdict calculated by Halal Bourse's published rules from an investigation of primary sources (project documentation, registers, decisions), conducted on 10/07/2026 and not reviewed by a human.

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The asset

Token of the Bitget exchange platform (ERC-20 on Ethereum) and, since September 2025, gas, governance and settlement token of Morph, an Ethereum layer-2 network Issuer: Bitget (operator: Bitget Limited / BG Limited, Seychelles; CEO Gracy Chen) issued the token in July 2021; in September 2025, Bitget transferred all the BGB it controlled (440 million) to the Morph Foundation, which now handles the token's roadmap; the 2026 MiCA white paper is filed in Ireland by Morph Organisation Limited (Cayman Islands, CEO Colin Goltra).

BGB gives a 20% discount on Bitget spot fees, a vote on listings, access to Launchpool and Launchpad, and a daily lottery paid in BGB; on Morph, it serves as gas, governance and settlement. The ERC-20 supply is 2 billion, of which about 1.089 billion are at the dead address 0x…dEaD (54.5%); CoinMarketCap as of October 7, 2026: circulating supply 699.99 million, total supply 910.92 million, maximum 919.99 million, rank 54. The ERC-20 contract is 0x54D2252757e1672EEaD234D27B1270728fF90581.

Why this verdict

  1. Permissible purpose : met. BGB has uses documented by the issuer: a 20% discount on spot fees, voting to list projects on Bitget and, since September 2025, gas, governance and settlement token of the Morph network. The token's purpose is not gambling or lending; it is that of a platform whose dominant activity is trading derivatives (see the tolerance).
    • « Transaction fee discounts: Users can get 20% off spot transaction fees when paying with BGB. » Bitget (BGB price page) (2026-10-07)
    • « Vote to List: Use BGB to vote to decide whether the project will be listed on the exchange and get rewards. » Bitget (BGB price page) (2026-10-07)
  2. No riba : met. Holding BGB pays no yield by itself. Token burning follows a formula based on Morph network fees (and no longer on Bitget's profits); yield products (Bitget Earn, staking on Morph) are products built on the token, covered in autres_constats. When the burn plan was created (December 2024), Bitget on the contrary announced 20% of its profits, derivatives revenue included, to buy back and burn BGB: the link between platform revenue and buybacks therefore existed and is no longer displayed on Morph's page.
  3. No gambling : met. The spot purchase is of a transferable ERC-20 token with a published supply that can be verified on the chain; it is not a contract on a price difference. Bitget offers holders a daily lottery paid in BGB (see autres_constats), an ancillary benefit that does not change the nature of the token purchased.
  4. No excessive gharar : met. The rights, the supply and the burn rule are documented (Morph page, MiCA white paper); the ERC-20 contract has no minting, freezing or proxy according to the scan. Management of the token moved from Bitget, led by a named person, to the Morph Foundation, whose management is named in the MiCA white paper; the foundation's structure (status, signatories of the 220-million-BGB locked reserve) was not read in detail.
  5. Real ownership : met. BGB is an ERC-20 token (23,038 holders according to Blockscout) that can be held in and withdrawn to a personal wallet; the contract has no freeze power according to the scan.
  6. No fraud or manipulation : to be verified or tolerated case. No deception toward BGB buyers is established and no fine targeting Bitget was found. However, several regulators have published warnings against Bitget for offering products without authorization: Australia's ASIC (July 28, 2025, crypto-asset futures without a license, leverage up to 125:1), Japan's FSA (2024 and June 2025), the AMF (April 3, 2024, according to ASIC), and the Spanish, Austrian, German, Albertan, Cypriot and Malaysian authorities. These reasons are unrelated to the sale of the token; the scan reports only one concentration signal, explained by the dead address (see autres_constats).

Contract security scan

GoPlus security scan of the BGB contract on Ethereum: 23,537 holders; top ten wallets excluding exchanges and contracts 68.8%; code published; no honeypot, no minting, no proxy, no freeze; no tax. Only one signal found: concentration. Reading: Blockscout shows that the top holder is the dead address 0x…dEaD (1.089 billion BGB, or 54.5% of the ERC-20 supply), which explains most of the 68.8%; the rest is due to multisig vaults. Issuer identified: under A.8, concentration alone is information, not a rug pull signal.

Opinions found during the research

Opinions reported as read, named for what they are; they do not enter into the calculation of the verdict.

What could not be verified

Sources read

Other cryptos analyzed

General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology