The Block

A closer look at Binance's record-breaking Q3

Quick Take

  • Binance burned $68M in BNB this weekend marking an all-time high
  • The exchange recorded 106.8M web visits in Q3, which is a 47% Q/Q increase
  • In terms of the spot volume, Binance has recorded its best quarter by far
  • Binance’s futures volume has increased by 44% Q/Q
Binance, the largest crypto-to-crypto exchange based on reported volume, has finished its 13th quarterly burn on October 17th. The exchange took away the equivalent of $68 million in BNB from circulation, which is a 12.4% increase from $60.50 million in Q2 2020. This burn once again marks the largest burn Binance has ever made. Source: […]

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