RATE Group | Cryptocurrency News Today – Headlines for April 18
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Cryptocurrency News Today – Headlines for April 18

18 Apr Cryptocurrency News Today – Headlines for April 18

Posted at 11:45h in Cryptocurrency News by

  • Binance records highest quarterly volume
  • The exchange burns 20% of its profits quarterly
  • Binance has recently launched trading options which will help its cause

Cryptocurrency News Today – the world’s leading digital currency exchange, Binance, has recorded the highest ever quarterly volume. This is evident in the amount of coin burns the exchange conducted in Q1. According to the Whitepaper, Binance exchange burns 20% of its profits every quarter. These estimates reveal that the exchange had a profit over the $262.33 million mark in Q1 of 2020.

Some sources suggest that the exchange has changed the metrics for its coin burn in the last year. It changed from 20% of its quarterly profits to burning tokens based on w.r.t. trading volume. Hence, Binance’s burn metrics show that the volumes are on a record high since the BNB coin was released.

Binance Burned 3,373,988 BNB, Reportedly Worth 52.4 Million in USD

During Binance’s 11th quarterly BNB Burn, the exchange burned no less…

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