Binance Blog

Amidst a busy year for the crypto industry, Binance revisits their commitment to regulatory compliance and user protection.

Today, Binance Chain and Binance Smart Chain become BNB Chain.

For this past quarter, BNB completed its second quarterly BNB Auto-Burn. A total of 1,839,786.26 BNB, or the equivalent of $741,840,738.874 USD, was removed from circulation. This includes 9,403.78 BNB that was burned from the Pioneer Burn Program.

Our industry has been growing by leaps and bounds these past few years, both from a technology adoption and new user perspective. When we launched Binance, we decided that it would be our unwavering commitment to users that would differentiate us in the market. As a result of that commitment, we have grown to become the largest crypto platform on the globe.

At Binance we are committed to the development of the blockchain ecosystem. Over the past few years, the blockchain ecosystem has evolved in many ways as a result of the community’s feedback. Following in the footsteps of many other community-supported projects, BNB has been on its own evolutionary journey. We’ve been listening closely to the Binance Smart Chain (“BSC”) and BNB communities-and we are proud to announce the implementation of a new BNB Auto-Burn procedure effective immediately.

Binance CEO CZ reflects on our progress over the last four years, the current regulatory environment and our approach for the road ahead.

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has today announced the appointment of Greg Monahan, former US Treasury Criminal Investigator, who joins the organization as Global Money Laundering Reporting Officer (GMLRO).

​Former DigitalX CEO Leigh Travers Joins Binance Australia as Chief Executive Officer