Binance Burned $620 Million in BNB The world’s largest cryptocurrency exchange Binance continues to strive to reduce the total number of BNB tokens in circulation to 100 million To do this, the trading platform announced the completion of the 22nd burn of its own BNB token. Binance said in a statement that it has withdrawn 2.064 million BNB from circulation, worth nearly $620 million at current exchange rates. The 22nd token burn was the largest BNB token burn since the record-breaking 14th two years ago. 7,181 of the 2,064 burned today were in the Pioneer Burn Program. This feature, announced
Binance, the world’s largest cryptocurrency exchange, is currently grappling with challenges that have raised concerns about its credibility and market performance. Recent reports by Forbes shed light on Binance’s initial coin offering (ICO) and the subsequent distribution of its native cryptocurrency, Binance Coin (BNB). Behind The Curtain The investigation reveals…