important point

  • Binance users interested in bitcoin mining can now subscribe to Binance’s cloud mining service today.

  • The new service comes despite Binance currently facing regulatory pressure in the US.

Binance Launches Bitcoin Mining Cloud Service

The world’s largest cryptocurrency exchange by daily trading volume, binancehas launched a new Bitcoin subscription-based cloud mining product.

Starting today, June 15, Binance users who are interested in bitcoin mining but do not have the hardware can purchase hashrate by subscribing to the cryptocurrency exchange’s cloud mining service.

At the moment, cryptocurrency exchanges are selling 1 terahash per second (Th/s) at $10.7280. When a user buys more hashrate. As for the bitcoin obtained by mining, the possibility of getting higher income increases.

Binance has revealed that its BTC mining subscription service will be active for six months. For each TH/s she purchases, the user has a chance to win 0.0004338 BTC in her 180 days.

This product is currently available on the Binance global website. That is, it is not available for US users.

Binance Continues to Face Regulatory Pressure

This latest development comes at a time when Binance is facing regulatory pressure in the United States.

U.S. Securities and Exchange Commission (SEC) sued binance Earlier this month, he was indicted on charges of securities law violations. Regulators also Freezing assets on Binance.US.

Binance.US has already hired former SEC Enforcement Co-Director George Canelos as part of its legal team to defend against regulatory allegations.

Last week, Binance.US announced a temporary suspension of US dollar deposits to the platform as it transitioned to a fully cryptocurrency exchange.

SEC too It sued rival cryptocurrency exchange Coinbase Failure to register as a broker, national stock exchange or clearing house;

By Jules

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