Bitget Integrates Morph Chain for Direct USDT On-Chain Trading
Bitget has fully integrated Morph Chain, an Ethereum Layer-2 network, enabling direct USDT on-chain trading within Bitget spot wallets. This integration eliminates the need for token swaps or cross-chain bridges by leveraging stablecoin settlements on Morph Chain’s fast, low-cost and programmable infrastructure. As part of its Universal Exchange (UEX) framework, Bitget now supports seamless trading of stablecoins, real-world assets and crypto tokens on multiple networks. Through the partnership, Bitget transferred 440 million BGB tokens to the Morph Foundation, burning half and locking 220 million with a 2% monthly release to fund liquidity incentives and ecosystem growth. BGB is now the native gas and governance token on Morph Chain. In parallel, Bitget upgraded its Onchain Ecosystem by adding support for Ethereum, Solana, BSC and Base networks and rolling out AI-driven Onchain Signals. The platform also launched zero-interest institutional loans up to 2 million USDT. This move streamlines on-chain payments, boosts liquidity and reinforces Bitget’s position as a universal crypto trading gateway.
Bullish
The Morph Chain integration strengthens Bitget’s trading infrastructure by enabling direct USDT on-chain transactions without bridges. Short term, this reduces friction for traders and may boost trading volume and demand for USDT and BGB. The transfer and lock-up of 440 million BGB, with scheduled releases, adds token scarcity and incentivizes liquidity, likely driving BGB price appreciation. Additionally, support for Ethereum, Solana, BSC and Base networks alongside AI-driven Onchain Signals and zero-interest institutional loans expands Bitget’s service offerings, attracting institutional and retail participation. Long term, stablecoin settlements on a Layer-2 network position Bitget as a key gateway to DeFi and Web3, potentially increasing ecosystem adoption and sustained liquidity growth, reinforcing a bullish outlook.