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Home Crypto News Market Binance Burned $600 Million BNB Making A Record In Dollar Terms

Binance Burned $600 Million BNB Making A Record In Dollar Terms

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Cryptocurrency giant Binance has announced that it has burned 1,099,888 BNB for the first quarter of 2021, equivalent to almost $600 Million, setting a record in dollar terms.

Binance burns Binance Coin every quarter of year. The burning process covering the first quarter of this year was in block 157215916.



A transaction fee of 0.002 BNB was paid for the 15th burning operation in which more than 1 million BNB were burned.

Visit Binance explore:

https://explorer.binance.org/tx/935071F4B3EA9BC0104C23DEAEF5919BD0C0B5AD9E780701FC0547E575E1D52E

It makes almost 600 million in dollars.

In two years Binance burned more than 2.2 million BNB. The number of tokens burned in the first quarter of 2021 are 1,099,888, that makes a a new record in dollar terms.

 

 

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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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