RATE Group | Seeking Profits: A Number of Large Crypto Exchanges Are Mining and Staking Digital Asset…
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Seeking Profits: A Number of Large Crypto Exchanges Are Mining and Staking Digital Asset…

18 Apr Seeking Profits: A Number of Large Crypto Exchanges Are Mining and Staking Digital Asset…

Posted at 00:24h in Bitcoin News by

Seeking Profits: A Number of Large Crypto Exchanges Are Mining and Staking Digital Assets

During the last 12 months, large cryptocurrency exchanges have been getting into digital currency staking and creating SHA256 mining operations. Just recently, Binance announced the launch of its mining pool following exchanges like Okex, and Huobi. Alongside this, a great number of crypto exchanges are staking proof-of-stake (PoS) coins, which have caused some grievances among the crypto community.

Also read: Crypto Marketplace Purse.io to Dissolve Operations After 6 Years

Binance Reveals the Firm Plans to Launch a Mining Pool in Q2 2020

Since the 2017 cryptocurrency bull run, a number of crypto trading platforms have grown massive over the years. For instance, a variety of digital currency exchanges like Kraken and Coinbase have been acquiring a slew of startups and projects in order to scale themselves further. Last summer, news.Bitcoin.com reported on how the San Francisco-based digital currency exchange, Coinbase acquired Xapo and has been quietly becoming the world’s biggest…

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