TLDR:

Kraken’s strict listing standards approve fewer than 20% of applications, validating BGB’s compliance. 
BGB transferred to Morph Foundation in September 2025, shifting focus from trading to governance utility. 
Institutional crypto adoption surged 340% last year, creating demand for compliant exchange-traded tokens. 
Kraken processed over $207 billion in 2025 trading volume, providing significant liquidity for new assets.

 

Kraken has officially added BGB to its trading platform, marking a notable development for Bitget’s governance token.

The listing provides access to one of crypto’s most compliance-focused exchanges, potentially attracting institutional investors seeking regulatory clarity. 

BGB transferred to Morph Foundation control in September 2025, gaining new governance capabilities within a modular blockchain environment.

BGB Transitions to Governance-Focused Asset

The token now operates as a governance mechanism within Morph’s on-chain infrastructure. 

Holders can vote on protocol modifications while earning rewards for Web3 participation. 

This shift occurred when the Morph Foundation assumed operational control approximately four months ago.

Colin Goltra, CEO of Morph, emphasized utility over speculative trading in a recent statement. “BGB’s growth hinges on usage, not just trading,” Goltra said.

He highlighted the importance of liquidity and infrastructure as financial activities migrate to blockchain networks. The foundation prioritizes interoperability, enabling BGB functionality across multiple blockchain systems.

Kraken’s listing standards remain notably strict, with the exchange reviewing hundreds of annual applications. Fewer than 20% receive approval for trading.

Dave Ripley, Kraken’s COO, confirmed the decision aligns with platform requirements in comments about the listing.

“Our platform prioritizes assets that provide tangible benefits to users and align with our standards of regulatory compliance,” Ripley explained.

The listing awaits final regulatory confirmation, which may require additional weeks or months. Kraken processed over $207 billion in trading volume throughout 2025.

This positions the exchange as a significant liquidity gateway for newly listed assets seeking market access.

Institutional Adoption Drives Market Positioning

Bitget operates as a self-described “Universal Exchange” serving approximately 125 million users across 150-plus regions. The company has pursued mainstream visibility through partnerships with LALIGA and MotoGP.

These collaborations expose sports audiences to cryptocurrency tokens, expanding potential user bases beyond traditional crypto demographics.

The exchange has also partnered with UNICEF on blockchain education initiatives. These efforts position Bitget as an adoption driver rather than solely a trading venue. However, whether these partnerships translate to increased BGB usage remains uncertain.

Institutional crypto adoption increased 340% last year, according to Coinbase’s institutional report. Major pension funds and hedge funds increasingly demand exchange-traded tokens with established regulatory frameworks. This trend creates opportunities for compliant assets on regulated platforms.

Kraken’s reputation for regulatory adherence appeals to institutional investors cautious about compliance risks. The exchange survived multiple bear markets and regulatory scrutiny by maintaining operational standards. BGB’s presence on Kraken provides exposure to traders favoring proven platforms over newer alternatives.

Market observers anticipate potential price effects once Kraken trading commences. Increased liquidity typically reduces volatility while attracting more analytical traders.

Kraken users generally maintain longer holding periods compared to other platforms, potentially favoring BGB’s governance features over short-term speculation.

The post Kraken Lists BGB Token as Morph Foundation Eyes Global Expansion appeared first on Blockonomi.

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Filed under: Bitcoin - @ February 1, 2026 5:50 am