Category: BNB

Binance removes $165 million worth of BNB from circulation in largest-ever token burn

Binance removes $165 million worth of BNB from circulation in largest-ever token burn

Crypto exchange Binance has burned over 3.6 million BNB tokens, taking out about $165.8 million in tokens from circulation, the exchange announced on Monday.  This 14th quarterly BNB token burn is the highest one ever carried out by the exchange. When it launched BNB, Binance committed to burning 100 million BNB — roughly half of […]

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When Binance IPO? CZ explains how his firm’s ‘path’ forward is different from that of rival Coinbase

When Binance IPO? CZ explains how his firm’s ‘path’ forward is different from that of rival Coinbase

Quick Take The world’s largest crypto exchange Binance doesn’t have IPO plans like rival Coinbase, CEO Changpeng “CZ” Zhao told The Block. Binance wants to take a more crypto-native “path” forward, said Zhao, i.e., expanding the utility of its “utility token” BNB.  Zhao said he’s spending most of his time growing the BNB ecosystem.  This […]

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A closer look at Binance’s record-breaking Q3

A closer look at Binance’s record-breaking Q3

Quick Take Binance burned $68M in BNB this weekend marking an all-time high The exchange recorded 106.8M web visits in Q3, which is a 47% Q/Q increase In terms of the spot volume, Binance has recorded its best quarter by far Binance’s futures volume has increased by 44% Q/Q This research piece is available to […]

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Binance Announces Project Providing Cross-Chain Bridging Services

It might be a slow week of the cryptocurrencies, but the same cannot be said for the world’s leading crypto exchange, Binance. In the latest development, the Malta-based platform announced the official launching of the Panama Project. Binance’s official blog post stated, “Binance is officially launching the Panama project, which aims to help Binance Smart Chain and Binance Chain […]

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