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31 July 2021

Binance burns $390M worth of BNB tokens

Binance burns $390M worth of BNB tokens


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Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB.

Binance has pledged to burn 20% of the exchange’s profits every quarter, with the latest burn suggesting the exchange could have profited by $2 billion during the second quarter of 2021.

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cointelegraph.com
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