OKX Exchange Blazes Past Record with $630M Token Burn!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Dec 14, 2023 14:11

OKX has once again broken its own record for the number of OKB tokens repurchased and burned. The latest repurchase, which took place on December 14, saw the exchange destroy approximately 10.53 million OKB tokens, worth around $630 million. This marks a new high for the company, which has previously stated that it will burn tokens based on market and operational performance without disclosing specific rules. The move is part of OKX’s ongoing efforts to reduce the total supply of OKB and increase its value for holders.