Binance token burn: Binance burns BNB tokens worth $38.8 million

Binance conducted its 10th quarterly Binance token burn and removed 2.22 million BNB coins from circulation

Binance token burn Crypto exchange platform, Binance, has conducted its 10th quarterly token burn removing BNB tokens worth nearly 39 million dollars from circulation. The event was the asset’s second-biggest token burn in terms of the coins’ value in USD and third in terms of Binance Coin (BNB) coins burned. This time a total of 2,216,888 BNB coins were burnt. The last token burn was conducted in October 2019, which burned a total of 2,061,888 coins worth 36.7 million dollars.

Binance Chairman Chengpeng Zhao or CZ highlighted that the platform is making efforts to increase fiat-to-crypto options as 24 fiat currencies can now be traded for crypto assets on the platform. Read More...

Binance burns BNB tokens worth $38.8 million
Binance token burn