Binance Burns $36.7M in BNB After 2nd-Most Profitable Quarter Ever

Binance Burns $36.7M in BNB After 2nd-Most Profitable Quarter Ever | Finance Magnates

Malta-based cryptocurrency exchange Binance has burned 2,061,888 BNB tokens, the exchange’s native cryptocurrency, worth approximately $36.7 million. Binance burns BNB tokens equivalent to 20 percent of its profits each quarter, a practice that the exchange plans to continue until one of two things happens: there are just 100 million BNB left, or just 50 percent of the original total supply of BNB remain.