Binance Completes Its 15th Quarterly Burn

Binance Coin (BNB), the native token of leading cryptocurrency exchange Binance has completed its 15th quarterly burn.

A total of 1,099,888 BNB valued at $595 Million  was destroyed and reduced the total from 170.532 million to 169.432 million.

This is the most valuable  quarterly coin burn that will continue to be carried out until 100,000,000 BNB is left in circulation.

Binance has burned 15.3% of its total BNB supply of 200 million tokens and another  35% of tokens will be burned in the coming quarters and years.

“Burning” refers to the process of permanently removing a crypto token from circulation which increases the token price.

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