Binance Burns $548 Million Worth of BNB in 21st Quarterly Burn

Binance, the world\'s largest cryptocurrency exchange (CEX) platform, conducted its 21st burn event Thursday, which saw a reduction of over 2 million BNB tokens. After carrying out its 21st quarterly burn, the exchange further reduced the circulating supply of BNB tokens.

The most recent quarterly burn - the 21st quarterly BNB token burn of 2,065,152.42 BNB has been completed according to the BNB Auto-Burn procedure. According to the crypto exchange, a whopping 2.06 million BNB were destroyed.

Following its quarterly burn, the Binance (BNB) Chain has successfully eliminated $548 million worth of BNB, a move that has left the market relatively unaffected.

The 21st quarterly burn highlights Binance\'s commitment to reducing the circulating supply of BNB, potentially increasing its value over time.