New Bitcoin Mining Pool Launched by Binance

e_abrams

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Binance recently announced it is launching its own Bitcoin mining pool. For now only that cryptocurrency is covered but Binance appears to have plans to include others.

The mining pool is named Binance Pool. It will be incorporated with Binance’s ecosystem and according to the exchange’s plans there will be spot exchanges, derivative products and more.

The founder of the exchange, CEO Changpeng Zhao said:

As an integral part of the global crypto market, empowering miners will therein enable significant growth and scale in the larger industry. With Binance Pool, we aim to establish a comprehensive platform for miners that will bring more possibilities to the mining industry by bridging traditional mining to financial services.”
Source

Binance seems to be ever growing and it’s certainly one of the leaders on the market. I wonder which exchange will prove to become its best competition.