Binance exchange burns $547M worth of BNB tokens

by Aurelia Butler 13 October 2022, 12:00 159 Views

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 lost their digital assets through honest mistakes.

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Source: Cryptocurrency - investing.com

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Binance exchange burns $547M worth of BNB tokens

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