Cryptocurrency exchange Binance launches first cryptocurrency mining pool
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Cryptocurrency exchange Binance launches first cryptocurrency mining pool
Binance has become a well-known name in the world of cryptocurrency thanks to its cryptocurrency trading platform, which is one of the largest in terms of trading volume.
Binance plans to launch its own mining pool, the first of its kind for Binance.
The news appeared last Tuesday by the Russian Crypto News website.Queen LiveTo be confirmed later by three other mining sources.
chirp Changpeng Zhao, CEO of Binance, on Twitter on Wednesday, stating:
The company has already hired some professionals for this purpose, some of whom are former Bitmain employees.
Coinlife noted:
The launch of the mining complex is scheduled for the second quarter of 2020.
Read:“Uber” intends to enter the world of cryptocurrency through Uber Money
Jakhon Khabilov, head of the mining group at Sigmapol, said that Binance is already offering “generous” referral bonuses to potential customers, as it has been reaching out to some miners in China to promote the upcoming new service.
Binance is following in the footsteps of its other platform peers, “OKex” and “Huobi”, as they previously launched their mining pools in August and September 2019 respectively, and the exchange pools are currently among the top 10 producing the largest number of blocks in the blockchain Bitcoin, according to Blockchain.com.
Alejandro de la Torre, vice president of Pooling Pool, which is currently the second largest mining pool, says the exchange’s main driver for getting into the Bitcoin mining game is liquidity. He added:
Mining is the cheapest way to add liquidity to trading platforms.
Igor Runets, CEO of mining company Bitriver in Russia, believes that the launch of the mining pool is a logical step for the cryptocurrency exchange, adding:
Both of these jobs are software-based, so no additional professional skills are needed.
The customer base will greatly overlap, and many users of mining pools are also clients of exchange platforms.
Read:Huge support from the crypto community for Tornado Cash… Will the US reconsider banning it?
Read also:
Binance Prepares To Acquire CoinMarketCap For $400 Million … Why?
Binance Founder Responds to User Complaint About Leverage Coins Removal
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time