Binance Coin price holds gains of over 9%, following a routine burn of BNB tokens

  • Binance completed the eight quarterly burn of their Binance Coin tokens as announced today.
  • BNB is trading up on Friday some 8% in the second half of the session.

 

The world’s top exchange by trading volume, Binance annonced that they have completed the eight quarterly “burn” of Binance Coin (BNB) tokens.

The exchange made an official blog post on Friday that the burn – the destroying of tokens – comes in accordance with its white paper and involved 808,888 BNB previously allocated to the Binance team.

In terms of the amount, it was worth some $23.8 million. Binance Coin on Friday is trading up with gains of 8% in the session.

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