{"id":91632,"date":"2025-08-27T08:03:41","date_gmt":"2025-08-27T08:03:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91632"},"modified":"2025-08-27T08:03:41","modified_gmt":"2025-08-27T08:03:41","slug":"mbg-token-supply-reduced-by-4-86m-in-first-buyback-and-burn-by-multibank-group","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91632","title":{"rendered":"$MBG Token Supply Reduced by 4.86M in First Buyback and Burn by MultiBank Group"},"content":{"rendered":"

[PRESS RELEASE \u2013 Hong Kong, PRC, August 27th, 2025, Chainwire]<\/strong><\/p>\n

MultiBank Group<\/a>, the world\u2019s largest financial derivatives institution, has announced the successful execution of its buyback and burn program<\/a>, permanently removing 4,860,000 $MBG tokens from circulation.<\/p>\n

The milestone follows the Group\u2019s record-breaking financial results, with H1 2025 revenue reaching $209 million and an average daily trading turnover of $36 billion since the Token Generation Event on July 22.<\/p>\n

The $MBG Buyback and Burn program underscores MultiBank Group\u2019s commitment to rewarding its community while strengthening the long-term fundamentals of the $MBG Utility Token. By reducing supply, the Group is actively driving scarcity and reinforcing token value. The initiative is structured to scale significantly, with up to $58.2 million worth of $MBG expected to be retired in the first year and a cumulative $440 million over five years.<\/p>\n

The move builds on the token\u2019s strong early performance. Since listing on July 22 across MultiBank.io, MEXC, Gate.io, Uniswap, and BingX, $MBG has climbed to seven times its debut price, attracting worldwide attention as one of the market\u2019s most closely followed new assets.<\/p>\n

Naser Taher, Founder and Chairman of MultiBank Group, said: \u201cThis first buyback proves the power of our ecosystem, bridging TradFi, our institutional ECN, a regulated crypto exchange, and real-world asset (RWA) tokenization. $MBG is becoming the utility token at the core of it all. Today\u2019s burn is just the start \u2014 with additional utilities, greater scarcity, and more community rewards coming soon.\u201d<\/p>\n

The $MBG Utility Token powers MultiBank\u2019s four-pillar ecosystem:<\/strong><\/p>\n

MultiBank TradFi<\/strong>: The Group\u2019s CFD powerhouse, which generated $362 million in revenue last year and reported record-breaking H1 2025 results of $209 million. $MBG can be used for reduced fees and enhanced platform features.
\nMEX Exchange (Institutional ECN):<\/strong>\u00a0A $23.7 billion hybrid FX and crypto ECN for emerging markets, with $MBG streamlining settlement, mitigating counterparty risk, and enabling smart contract-based margining.
\nMultiBank.io (crypto exchange):<\/strong>\u00a0Regulated across multiple jurisdictions, including the UAE and Australia, it offers spot and leveraged trading. $MBG provides reduced costs and benefits, including launchpad participation, staking, and token-driven opportunities.
\nMultiBank.io RWA:<\/strong>\u00a0Built on Mavryk\u2019s layer-1 blockchain, this division underpins the world\u2019s largest RWA tokenization project to date, a $3 billion real estate deal with MAG Lifestyle Development, where $MBG holders receive fee discounts and early access.<\/p>\n

With more than two million clients, 17+ financial licenses across five continents, and an unblemished compliance record since 2005, MultiBank Group is accelerating its blockchain and DeFi infrastructure to introduce a series of new initiatives in the months ahead.<\/p>\n

ABOUT MULTIBANK GROUP<\/strong><\/p>\n

MultiBank Group,<\/a>\u00a0established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance.<\/p>\n

The post $MBG Token Supply Reduced by 4.86M in First Buyback and Burn by MultiBank Group<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Hong Kong, PRC, August 27th, 2025, Chainwire] MultiBank Group, the world\u2019s largest financial derivatives institution, has announced the successful execution of its buyback and burn program, permanently removing 4,860,000 $MBG tokens from circulation. The milestone follows the Group\u2019s record-breaking financial results, with H1 2025 revenue reaching $209 million and an average daily […]<\/p>\n","protected":false},"author":0,"featured_media":91633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91632"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91632"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91633"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}