Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance
Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance.
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Article | Liang Yushan
Mars Finance APP Frontline ReportAccording to official sources, the exchange's currency An has completed its ninth BNB quarterly destruction, with a total of 2061888 BNBs (valued at $36.7 million) destroyed.
(BNB Destroys Data)
The data shows that the number of BNB destroyed by Coin An this time is more than the total number destroyed in Q1 and Q2. It can be inferred that the exchange achieved a profit of approximately $183.5 million in the third quarter.
In response to the BNB destruction, Zhao Changpeng, CEO of Coin An, stated in a document that the number of destroyed items showed a significant increase in Coin An in the previous quarter. He pointed out that the key to growth lies in the new products launched by Coin Security (leveraged trading), as well as the legal currency channel - which makes cryptocurrency trading easier.
Zhao Changpeng also stated that core products such as contract trading and OTC services of Coin An are also starting to work, and these products will begin to launch in the fourth quarter.
When discussing the development of Coin An in the cryptocurrency market, Zhao Changpeng bluntly stated, "Although Coin An has a larger active user base, compared to other cryptocurrency trading platforms, Coin An's profits may be less
He summarized the reasons for this situation into three points:
In addition, Zhao Changpeng stated that there is no "repurchase" for BNB destruction. The team will adhere to the commitment in the white paper and continue to destroy BNBs until the total remains of 100 million. At present, there are still 185475866 BNBs in circulation in the market.
Statement: This article is the work of the author who has settled on Mars and does not represent the official stance of Mars Finance.
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