Mining pool announcement from Binance. The leading cryptocurrency exchange Binance will also start offering mining pool services in addition to many existing products.
The cryptocurrency exchange Binance is also entering the Bitcoin mining business. Verifying the claims on the subject, Binance CEO Changpeng Zhao announced that they will be launching the Binance Mining Pool soon .
Yes, there is a #BinanceMiningPool coming soon. 👀
— CZ Binance (@cz_binance) April 1, 2020
After intense replies that this was a April Fool’s joke, Zhao also stressed that this is not a April Fool’s joke.
Binance currently offers many crypto-related financial products in the Staking, Earning Program, Savings, and Loans categories. The new feature will come in addition to these.
It is stated that the company hires some professionals in line with this goal, and some of them are former employees of Bitmain. The opening of the mining pool will take place in the second quarter of this year.
OKEx and Huobi, one of the competitors of the stock exchange, previously created their own mining pools. The pools of both exchanges are among the top 10 mining pools in Bitcoin.