Crypto exchange platform Binance has concluded its 21st quarterly Binance Coin ( ) burn, eliminating around $547 million worth of BNB tokens from its supply.

The exchange covers these losses and returns the tokens to users, depending on specific conditions.

#Binance Completes 21st Quarterly #BNB Burn!
Despite the massive amount burned, the burning efforts don't seem to have a huge impact on the Binance Coin markets at the moment, with BNB prices moving slowly downward along with the rest of the crypto market.

The exchange announced that in the initial burn, around $1.8 million worth of LUNC tokens were burned.
Source: Cointelegraph
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