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Benzinga

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Murtuza J Merchant

Bitget Transfers 440 Million BGB To Morph Foundation, Establishing BGB As Gas And Governance Token Of Morph Chain

Coins,,Cryptocurrency,And,Online,Trading,Statistics,,Value,And,International,Commerce

Crypto exchange Bitget on Tuesday announced it will transfer all 440 million BGB (CRYPTO: BGB) tokens it controls to the Morph Foundation, marking a decisive shift in the token's future utility and governance.

The move establishes BGB as the official gas and governance token of Morph Chain, a Layer 2 network focused on payments and onchain consumer finance.

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