The trading platform destroyed 1.33 million BNB in a quarterly token buyback. The site will burn them until the emission of altcoin reaches 100 million
The world's largest cryptocurrency exchange in terms of trading volume, Binance, conducted a quarterly burning of internal Binance Coin tokens, which destroyed 1.33 million BNB worth $ 639.4 million (taking into account the exchange rate at the time of the transaction).
Each quarter, Binance uses 20% of its profits to repurchase and burn Binance Coin tokens. This will continue until the altcoin emission is reduced by 50%, to 100 million.
Binance last destroyed its own tokens in mid-July. Then the trading platform destroyed $ 393 million of BNB.