Binance Pool, the mining pool of the world’s leading cryptocurrency exchange Binance, has launched a $500 million project to support the cryptocurrency mining industry.
Binance Pool recently launched to support Bitcoin (BTC) mining and infrastructure providers. 500 million dollarsk announced a project. Announced as the first of its kind for Binance Pool, this project is designed to provide secure debt financing services to both public and private blue-chip Bitcoin mining and digital asset infrastructure companies globally.
According to the announcement, Binance Pool offers maturities to eligible miners who meet the requirements. between 18 and 24 months will provide changing credit opportunities. In return for this Interest rates ranging from 5% to 10% will be requested. The company also stated in the aforementioned post that it plans to launch cloud mining products and that they are looking for cloud mining service providers to work with them in this regard.
On the other hand, Binance Pool has recently launched a mining pool for Ethereum fork ETHPoW (ETHW).