Bitget Wrapped BTC
BGBTC Rank #293Price chart
What is Bitget Wrapped BTC?
Backing and issuance
Users deposit native BTC through Bitget's supported subscription process to receive BGBTC. The issued token represents equivalent Bitcoin backing. Bitget and Cobo provide multi-signature custody for the underlying coins. Reserve reporting supports verification of the backing arrangement. Issuance follows subscriptions rather than a fixed token allocation or mining schedule.
On-chain use
BGBTC uses the ERC-20 standard on Ethereum. It allows BTC value to enter supported DeFi applications without moving native Bitcoin directly through Ethereum contracts. Bitget opened BGBTC spot trading on April 21, 2026. Its product suite also supports the token as collateral and through designated earning services. Bitget's daily-yield feature applies to eligible account holdings under the exchange's program rules.
Redemption and rewards
The subscription product allows holders to request conversion back into BTC. Its published process includes a seven-day redemption period. BGPoints earned through the product remain attached to the user's account. Transferring BGBTC does not transfer previously accumulated points to the recipient. Those points can support partner-token rewards under their respective distribution terms. The intended BTC conversion ratio remains separate from variable rewards and the token's secondary-market price.
Where to trade BGBTC
2 exchanges · top 10
Live spot quotes from connected exchanges
BGBTC funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.