Binance Burned $575M BNB in Q4 2022
The largest cryptocurrency exchange Binance held another quarterly burning of BNB coins. 2.06 million BNB worth over $575 million was destroyed. Recall that the BNB token was launched in 2017 on Ethereum. After the launch of Binance Smart Chain, the tokens were transferred to this network. Initially, 200 million BNB were issued, but with the help of quarterly burns, the exchange is going to reduce the number of available coins to 100 million. The number…
