The CEO of the Binance crypto exchange Changpeng Zhao says that the company is working on introducing a new Binance mining pool for users very soon.
Changpeng Zhao revealed the plans of his company in a tweet on 1st April and said that they are soon going to offer a mining pool. This Binance mining pool will provide users the new ways for participating in the cryptocurrency industry.
A new addition to a suite of Binance financial product
Binance CEO says in the tweet that this new Binance mining pool is a new addition to the company’s suite of financial products. The suite of Binance financial products that the company is offering includes Staking, Earn, Savings, and Loans.
Changpeng Zhao also posted a picture of the Binance mining pool’s first Livestream on Twitter.
Yes, there is a #BinanceMiningPool coming soon. 👀
— CZ Binance 🔶🔶🔶 (@cz_binance) April 1, 2020
The leading crypto exchange by trading volume Binance is making efforts to expand its platform all over the world. Currently, the company is working on offering a new large set of financial products to crypto users in the market.
Binance exchange already has staking solutions available on its platform and this new huge suite of financial services can be combined with these available staking solutions of Binance. Crypto users can participate in their networks simply by depositing their funds and staking will offer them proper rewards based on their deposited funds.
Binance is operating various expansion activities with the mission of becoming the largest crypto exchange across the whole globe. Recently, the company announced to launch a new crypto exchange “Binance KR” in South Korea. The company is working hard and is doing everything that it can do to attract the attention of a large number of users on its platform.