Binance Bitcoin Exchange Burned BNB Tokens for $ 23.8 Million and Announced Testing the Futures Market

Binance cryptocurrency exchange leading in trading volumes burned 808,888 Binance Coin (BNB) tokens for a total of $ 23.838 million.

CEO Changpeng Zhao stressed that his team as a whole does not use those coins that were originally distributed to its needs (40% of total emissions) for the development of the Binance ecosystem.

Note that at the moment there are 189 million BNBs. The company will continue to burn coins until the issue reaches 100 million BNB.

Responding to community questions as part of the Periscope broadcast, Zhao announced the launch of a testnet for futures markets before the end of the month, and also said that the company is considering launching a Binance Visa card.

The price of BNB reacted positively to these events, demonstrating moderate growth.

BNB / USDT TradingView data

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