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Binance Completes 9th Coin Burn After Successful Q3

Published 10/17/2019, 05:16 AM
Updated 10/17/2019, 06:21 AM
 Binance Completes 9th Coin Burn After Successful Q3

Binance completed the 9th coin burn scheduled for October, destroying a significant number of coins. The burn, destroying coins worth $36 million, or 2 million Binance Coin (BNB), reflects the Binance performance in the third quarter of 2019.

https://twitter.com/cz_binance/status/1184492941990977537

The size of the token burn was surprising, given the relatively depressed price action during the third quarter of 2019. Additionally, Binance showed a decline in trading volumes, down from peak levels above $2.4 billion in 24 hours, to as low as $600 million in 24 hours...

This article appeared first on Cryptovest

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