- Binance completed the eight quarterly burn of their Binance Coin tokens as announced today.
- BNB is trading up on Friday some 8% in the second half of the session.
The world’s top exchange by trading volume, Binance annonced that they have completed the eight quarterly “burn” of Binance Coin (BNB) tokens.
The exchange made an official blog post on Friday that the burn – the destroying of tokens – comes in accordance with its white paper and involved 808,888 BNB previously allocated to the Binance team.
In terms of the amount, it was worth some $23.8 million. Binance Coin on Friday is trading up with gains of 8% in the session.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.