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Binance exchange burns $547M worth of BNB tokens

October 13, 2022


Crypto exchange platform Binance has concluded its 21st quarterly BNB tickers down $259 burn, eliminating around $547 million worth of BNB tokens from its supply.

In an announcement, Binance said that it had destroyed a total of 2,065,152 BNB tokens, which is valued at just below $600 million at the time of writing. The exchange also mentioned that an added 4,833.25 BNB was burned through its Pioneer Burn Program, a mechanism that helps users who have lost their digital assets through honest mistakes.

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