Crypto exchange Binance has launched “Binance Pool,” a mining platform that is described as being dedicated to the development of the global crypto mining industry and empowering miners. Binance Pool is integrated into the growing Binance ecosystem, allowing users access to its suite of derivatives products including Binance Futures, Spot and Margin trading, Binance Lending, Binance Staking as well as OTC services.
Binance founder and CEO Changpeng Zhao said the mining is 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.”
Binance Pool supports both PoW (proof-of-work) and PoS (proof-of-stake) crypto mining. The platform is first launching with a Bitcoin mining service with more customized services to come.
New and existing Binance users are able to directly access Binance Pool on Binance.com. Additional features, customized services and incentives for miners on Binance Pool are said to be forthcoming.