The most popular crypto exchange Binance, today launches its own Binance Pool “A comprehensive service platform dedicated to improving the income of miners”.
The mining pool offers Proof of Work (PoW) and Proof of Stake (PoS) services for various types of coins and tokens. As a first option, will be available BTC mining using the FPPS payment method. You can trade your mining income directly on the Binance exchange thanks to direct access to P2P platforms.
Binance writes on its blog about the following benefits:
- Lowest fees in the market
“Exchange-powered mining pools offer lower fees in general. With Binance Pool, we are driving expenses lower to offer the most attractive service in the market.”
- Global tech expertise
“Right from its launch, Binance Pool is led by the team of seasoned professionals, with top-notch operating expertise and know-how of the latest mining technologies and equipment.”
- More decentralized mining field
The launch of Binance Pool represents the entry of one more competitor to the hashing power of Bitcoin and other cryptocurrencies.
- More secure blockchain networks
“The further decentralization of Bitcoin mining also results in more difficulty when it comes to attacking the Bitcoin network.”
- Protection to miners regardless of the market
“We are committed to fully leveraging the global influence of Binance to connect the mining ecosystem to industrial resources and provide miners with financial services such as low fees and lending services with low loan-to-value ratios.”
From today, you also have the opportunity to take advantage of a discount on commission fees until 2020/06/01 0:00 AM (UTC).
Binance is definitely advancing, after the addition of Margin and Futures trading options, the launch and the possibility of mining is another piece of evidence that it is one of the leading companies in the cryptocurrency industry.
Source: BINANCE BLOG