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Bitget Token (BGB)

AI Assisted Shariah Verdict
Last Update: 7/9/2026
Haram

SUMMARY

Bitget Token (BGB) is rated 'No' because its value-accrual mechanisms include a fixed 5% APY staking pool funded by the exchange's treasury. Since over 33% of the exchange's revenue is derived from non-compliant activities like margin and futures trading, this constitutes a direct flow of impure funds to token holders. The presence of a daily lottery and the parent exchange's margin trading further compound the Shariah risks.

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Shariah Component Breakdown

Shariah Analysis

token utility

Caution

The token provides trading fee discounts and gas utility, but also grants access to a lottery and a fixed 5% APY staking pool, which introduces Riba and Maisir risks.

revenue purity

Failed

The token's fixed 5% APY staking pool is funded by the platform's treasury. Since over 33% of the exchange's revenue comes from non-compliant sources like margin and futures trading, the revenue funding the token's yield is impure.

business activity

Caution

BGB is the native token of the Bitget exchange and Morph L2 network. While its core utility is permissible, the ecosystem is tied to a non-compliant parent offering margin trading (Riba) and features a peripheral 'BGB lottery' (Maisir).

Legitimacy & Security

social presence

Passed

Bitget is a top 5 derivatives exchange with a strong market position and a widely used copy-trading product.

whitepaper

Passed

The project provides a whitepaper and detailed tokenomics, including the transition of the burn mechanism to Morph network activity.

project audits

Caution

Audit or security information is marked as found, but specific details on credible auditing are not covered by research.

Team & Ecosystem

team background

Passed

The leadership team is public and comprises seasoned professionals with experience at major firms like Goldman Sachs, Facebook, and Binance.

Detailed Shariah Report

Overview

Bitget Token (BGB) is the native utility token for the Bitget cryptocurrency exchange and serves as the gas and governance token for the Morph Layer-2 network. It provides users with trading fee discounts, access to launchpad events, and staking opportunities within the broader Bitget ecosystem.

Why This Verdict

Bitget Token (BGB) is rated 'No' primarily because it fails the Revenue Purity screening. The token offers a fixed 5% APY staking pool that is funded directly by the exchange's treasury to incentivize holding. Because over 33% of Bitget's overall revenue comes from non-compliant sources like margin trading, futures, and derivatives, this staking mechanism represents a direct flow of impure funds to token holders. Furthermore, the token's utility is flagged with a Caution rating because it includes access to a daily lottery, introducing elements of Maisir (gambling). The broader business activity also warrants Caution, as the token is deeply integrated into a parent exchange that actively facilitates interest-bearing margin trading.

Permissible Aspects

  • Using the token to pay for gas fees on the Morph Layer-2 network.
  • Receiving discounts on spot trading fees within the Bitget exchange.
  • Participating in governance decisions for the Morph network.
  • Benefiting from deflationary supply burns tied to Morph network activity.

Points of Caution

  • !The Bitget exchange derives a significant portion of its revenue (estimated at over 33%) from non-compliant activities, specifically futures, derivatives, and margin trading fees.
  • !The token grants access to a BGB lottery outlined in the whitepaper, where holders claim daily tickets to win airdrops, introducing clear Maisir (gambling) risks.
  • !The Bitget Wallet offers a fixed 5% APY staking pool that guarantees returns funded by the exchange treasury, which constitutes Riba (interest) and distributes impure exchange revenues to holders.
  • !Bitget operates margin trading features that involve borrowing and lending with hourly interest rates, directly engaging in Riba-based transactions.
  • !The composition of Bitget's treasury and its banking relationships are not publicly disclosed, meaning any additional exposure to conventional interest on reserve funds remains unknown.

Purification Note

As the token is rated non-compliant due to structural Riba and Maisir mechanisms directly tied to its value accrual, holding or trading BGB is not recommended for Shariah-conscious investors. If an investor currently holds the token and has received yields from the 5% APY staking pool or lottery airdrops, the entirety of those specific earnings must be purified by donating them to charity.

BOTTOM LINE

Bitget Token (BGB) provides standard exchange benefits like trading fee discounts and network gas utility, but its core financial mechanics cross into non-compliant territory. The integration of a fixed-yield staking pool funded by impure derivatives and margin trading revenues, alongside lottery features, makes it incompatible with Islamic finance principles. Shariah-conscious investors should avoid this asset, though final religious authority rests with a qualified scholar.