Record-breaking $ 600 million BNB burn suggests Binance made $ 750 million in first quarter profit By Cointelegraph

Record-breaking $ 600 million BNB burn suggests Binance made $ 750 million in first quarter profit

Binance Coin (BNB) saw his 15th burn so far on Friday. According to on-chain data, Binance burned nearly $ 600 million worth of BNB tokens.

Historically, Binance has burned around 20% of the exchange’s earnings. But in the last burn, Binance burned much more than 20% and the exact percentage of the burn remains uncertain.

Binance Smart Chain trading volume. Source: BSCScan
1 day BNB / USDT price chart (Binance). Source: TradingView.com