This post was originally published on Coinspeaker
Key NotesMorph becomes the first network with complete Bitget Onchain integration, establishing BGB as its native gas and governance token.The partnership includes 220 million BGB tokens locked with 2% monthly releases to fund liquidity and ecosystem expansion initiatives.Bitget’s recent service expansions include zero-interest institutional loans up to 2M USDT and multi-chain trading support for major networks.
Bitget, a Seychelles-based fintech firm dubbed a “universal exchange” due to its cryptocurrency and traditional financial services offerings, has announced its full integration with the Morph Chain layer-2 blockchain.
Users on Morph can now trade assets from the Morph ecosystem directly from their Bitget wallets with USDT without the need for swaps or bridging.
According to a Nov. 5 press release, Morph is the first network to offer full integration with Bitget Onchain. The partnership was formally announced in a Sept. 2 blog post wherein Bitget stated its intent to transfer the 440 million BGB tokens it controlled to the Morph Foundation, making BGB the backbone token for the network.
Half of the tokens were slated to be burned at the time while the remaining 220 million BGB were reportedly locked with a scheduled release at 2% per month to fund liquidity incentives,
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