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23 September 2019

Binance’s Quarterly BNB Burn to Include Binance Futures Tokens

Binance’s Quarterly BNB Burn to Include Binance Futures Tokens


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Binance exchange will include all future businesses and products into the scope of each quarterly burn of its native token Binance Coin (BNB).

The new BNB burning practice will include tokens from Binance Futures, the exchange’s crypto futures platform that was rolled out in beta mode on Sept.

The most recent Binance’s token burn took place on July 11, when the major crypto exchange announced the completion of the eighth BNB token burn that removed 808,888 BNB tokens ($23.7 million at the time) from Binance’s team allocation. .

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cointelegraph.com
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