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Crypto: Binance Reveals its Trading AI and Burns $1.2 Billion in BNB

21h05 ▪ 4 min read ▪ by Eddy S.
Getting informed ▪ Crypto regulation
Summarize this article with:

The crypto exchange giant Binance orchestrates a major strategic offensive on two fronts. While the BNB Chain has just completed the massive burning of over 1.64 million BNB tokens, representing nearly 1.2 billion dollars, the platform simultaneously unveils its trading AI (Binance AI Pro), designed to democratize the creation and automation of investment strategies through artificial intelligence.

Binance burns 1.64 million BNB (.2 billion) and launches its trading AI (Binance AI Pro) to automate crypto strategies.

In brief

  • 37th quarterly BNB burn by Binance. BNB Chain has permanently removed from circulation 1,646,196 BNB, with an estimated value of $1.197 billion.
  • Richard Teng announces the deployment of Binance AI Pro, a trading AI allowing creation and testing of strategies in natural language.
  • The new BNB burn continues the goal of bringing total supply down to 100 million BNB, reinforcing the token’s scarcity in the crypto ecosystem.
  • Binance’s AI-assisted paper trading tool allows crypto users to validate their algorithms without risking real capital.

Binance: Nearly $1.2 Billion of BNB Removed from the Crypto Market

In accordance with its quarterly Auto-Burn mechanism, the BNB Chain ecosystem has burned 1.64 million BNB tokens. Confirmed by Changpeng Zhao (CZ) and the Binance teams, this BNB burn operation amounts to exactly $1,197,000,000.

The protocol automatically adjusts the amount of tokens destroyed based on the BNB price and the number of blocks produced during the quarter. This ongoing reduction in the monetary supply aims to gradually limit the number of tokens in circulation until reaching the target threshold of 100 million BNB, thereby increasing the deflationary pressure on this major crypto market asset.

Indicator / Metric37th Quarterly BNB Burn (Q37)Impact on the BNB Ecosystem
Number of BNB burned1,646,196 BNB
Direct destruction of circulating supply
Total value destroyed~$1.197 billion USD
Massive deflationary effect on crypto supply
Remaining supply in circulation131,512,085 BNB
Progress towards the 100 million token target
BNB burn mechanismBSC Auto-Burn + Gas Burn
Algorithmic and transparent reduction
Binance data.

Richard Teng Unveils Binance AI Pro, the Trading AI at the Service of Crypto Investors

Alongside this financial operation, Binance’s CEO Richard Teng officially announced the arrival of the new trading AI called Binance AI Pro. Sharing his enthusiasm for this technological advancement dedicated to AI trading, Richard Teng said:

Excited to bring Binance AI Pro to our users. Build a strategy with your own words, see how it works, and test it with paper trading before deciding to go live. No coding or separate registration required.

This AI-based solution allows crypto investors to develop complex strategies simply by formulating requests in natural language (prompts). Binance’s tool instantly translates these instructions into executable algorithms, plans the scenario, and offers a simulation environment (paper trading) to validate the effectiveness of the AI trading strategy before any real capital commitment.

A Synergy Between Monetary Scarcity and Innovation

By combining the programmed reduction of supply through BNB burn with new high-value use cases like trading AI, Binance meets the expectations of both institutional investors and retail traders. The integration of simplified AI trading tools could furthermore stimulate overall activity in the crypto market in a very reactive context.

By burning nearly $1.2 billion of BNB and opening access to its Binance AI Pro tool, the ecosystem demonstrates its ability to combine monetary discipline and technological innovation around AI. Do you think the arrival of an integrated trading AI will sustainably transform the way individuals invest in crypto?

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Eddy S. avatar
Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.