Binance's 19th quarterly burn saw 1,830,382 BNB tokens worth more than $740 million removed from circulation.
Binance’s 19th quarterly burn saw 1,830,382 BNB tokens worth more than $740 million removed from circulation.
The world’s largest cryptocurrency exchange – Binance – removed over 1.8 million BNB tokens from circulation, completing its 19th quarterly BNB burn. Changpeng Zhao – Chief Executive Officer of the trading venue – argued that the process proves the deflationary nature of the asset. BNB Chain – the native token of the world’s largest crypto exchange – went through its 19th burn earlier on April 19.
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