Binance, the world’s largest cryptocurrency exchange by trading volume, will “destroy” $2 billion BUSD which idle on the BNB Smart Chain (BSC), per a tweet on Feb. 22.
According to data, most BUSD trading volumes are derived from centralized exchanges. Cryptocurrency exchanges, including Binance and KuCoin, listing BUSD have generated over $8.7 billion in trading volumes in the last 24 hours. Trackers show that CEX trading volumes stood at $8.6 billion, several folds higher than DEX volumes at around $106 million.
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