cryptocurrency trends

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Binance destroys over 1.68 million BNB tokens in its latest burn

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Crypto exchange Binance announced Monday that it has burned over 1.68 million BNB tokens in its 18th burn. The burned tokens are worth nearly $800 million at current prices, but the actual dollar amount of the burn isn’t known as Binance recently implemented a new system for its BNB burns. Until last month, Binance had been burning BNB tokens on a quarterly basis based on revenues it generated during a period. But the exchange recently implemented a new procedure, called …

Crypto exchanges saw over $14 trillion in trading volume this year

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Centralized crypto exchanges, which hold customers’ private keys unlike decentralized exchanges, reported more than $14 trillion in trading volume in the year 2021, according to The Block Research. That figure is a massive 689% increase compared to 2020 trading volumes, based on data as of December 24. Last year, centralized crypto exchanges facilitated over $1.8 trillion in trading volumes. All these numbers are from The Block’s Legitimate Index, which takes volume data from the largest exchanges that are known to …