The world’s largest crypto exchange – Binance – has announced the burning of more than $450 million worth of BNB tokens as part of a planned BNB Auto-Burn procedure on October 16th.

This marks the 25th quarterly token token.

  • According to the official blog post, a little over 2.1 million BNB tokens were destroyed completely during the latest process.
  • The latest quarterly burn also includes 314.69 BNB burned via the Pioneer Burn Program – which is a feature designed to assist customers who have lost access to their BNB tokens.