Binance conducted its first Binance Coin (BNB) auto-burn last quarter, removing over 1.6M BNB tokens worth $750M from circulation (Omkar Godbole/CoinDesk)

Omkar Godbole / CoinDesk:
Binance conducted its first Binance Coin (BNB) auto-burn last quarter, removing over 1.6M BNB tokens worth $750M from circulation  —  Token burns are supposedly deflationary and usually meant to bring a store of value appeal to the cryptocurrency.  —  Cryptocurrency exchange Binance implemented …

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