Binance continues to expand all over the world with a new set of financial products. The company is planning to launch in the near future a Binance Mining Pool that would allow users to have new ways of participating in the cryptocurrency industry.
Binance Could Soon Launch a New Mining Pool for Users
According to a recent tweet released by Changpeng Zhao, the CEO of Binance, they are going to be offering a mining pool. This is going to be part of the suite of financial products that they are offering, including Staking, Earn, Savings and Loans.
The CEO of the crypto exchange has shared a picture on Twitter showing the first Livestream of Binance Mining Pool. As Mr. Zhao said, Chinese speaking circles are already talking about this and are waiting for an official launch of this feature.
Binance is one of the largest exchanges in the market and the company is doing everything as possible to reach a larger number of users and individuals.
Yes, there is a #BinanceMiningPool coming soon. 👀
— CZ Binance 🔶🔶🔶 (@cz_binance) April 1, 2020
The cryptocurrency exchange is currently working in order to offer a large suite of services to users in the cryptocurrency market. Individuals can deposit their funds and start earning interest on their virtual currencies. Some of the digital currencies supported include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Ethereum Classic (ETC), among others.
Furthermore, stablecoins are also supported. Tether (USDT) and Binance USD (BUSD) are also used by users to get some interest on their funds. BUSD offers generally better rates than USDT deposits in a bid of increasing BUSD usage among Binance crypto users.
These products can also be combined with the staking solutions that are already available on the Binance exchange. Users can simply deposit their altcoins and participate in their networks in just a few clicks. Staking will provide users with rewards according to the funds they have deposited. The good thing about it is that individuals do not need to have large sums of money to participate, they can just do it with a few coins.
Binance is working in order to become a leader crypto exchange in the market. A few days ago we have informed at UseTheBitcoin that Binance entered the South Korean market through its innovative and new cloud solution. In the future, the exchange could start offering new solutions to users and individuals all over the world.