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26 July 2021

Business as Usual: Binance Burns $400 Million as Regulators Circle - Decrypt

Business as Usual: Binance Burns $400 Million as Regulators Circle - Decrypt


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If that’s an eye-watering sum, it’s worth bearing in mind that this is actually Binance’s second-biggest token burn in its four-year history?

In its original whitepaper for the BNB token, Binance pledged that it would burn 20% of its quarterly profits

Working backward from a figure of $400 million, if Binance still burns a fifth of its quarterly profits, that would mean the exchange made $2 billion since April’s record-setting burn. 

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