The post OKX Sets a New Record: Burns 6.14 Million OKB Tokens in the 21st Repurchase! appeared first on Coinpedia Fintech News
Crypto exchange OKX has conducted its 21st repurchase and burning of its native token OKB, with approximately 6.14 million tokens burned, worth around $255 million. This has set a new record for the value of OKB burned. OKX had previously stated that the token would be burned based on seasonal market and operating performance but had not disclosed specific rules around the process. The exchange has been regularly burning OKB since May 2019 as part of its efforts to increase the token’s value and stabilize its market.
Source: https://coinpedia.org/crypto-live-news/okx-sets-a-new-record-burns-6-14-million-okb-tokens-in-the-21st-repurchase/