Kraken has begun trading BGB, the gas and governance token of Morph, marking the project’s first major regulated U.S. exchange listing and expanding access to its onchain settlement infrastructure. BGB also functions as the native utility token across the Bitget and Bitget Wallet ecosystems, connecting a global user base of more than 120 million users across trading, payments, and onchain applications. The token’s utility is tied to network usage, aligning its value with real onchain payments and settlement activity as onchain finance scales.
Morph’s payments-focused approach is supported by initiatives such as its $150 million Payment Accelerator, which helps teams deploy real-world payments and financial applications onchain, with BGB central to liquidity and network activity within that environment. Morph CEO Colin Goltra described BGB as built to operate where real financial decisions are made, highlighting the importance of expanding access and liquidity as payments and settlements move onchain. The Kraken listing positions BGB alongside onchain infrastructure in regulated markets, signaling a broader shift toward tokens with clear utility and regulated distribution.
Looking ahead, regulated venues are increasingly seen as essential to connecting onchain infrastructure with modern financial markets, and listings like this help align onchain activity with traditional financial systems. For Morph, Bitget, and the Bitget Wallet ecosystem, the Kraken listing supports deeper real-world usage and liquidity while reinforcing the role of BGB in onchain payments and settlement networks. As onchain finance matures, tokens with clear utility and regulated distribution are becoming central to how value moves across global markets.
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