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KuCoin Establishes Bitcoin Mining Pool

Mon, 08/23/2021 - 10:57
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Arman Shirinyan
One of the largest cryptocurrency exchanges joins crypto mining
KuCoin Establishes Bitcoin Mining Pool
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According to the WuBlockchain report, KuCoin cryptocurrency exchange has established a new Bitcoin mining pool. By establishing a Bitcoin mining pool, 60,000 BTC have entered the Bitcoin mining market and will be able to provide large hashrate volumes—which are currently lacking after the recent Chinese Bitcoin mining ban.

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The Kucoin exchange has operated since September 2017 out of the Seychelles. KuCoin provides exchange services globally and tries to establish secure and efficient trading and payment services.

Back in September 2020, hackers stole more than $275 million funds from the exchange, which included more than 1,000 BTC and 11,000 ETH. To date, the KuCoin hack remains one of the largest hacks in the industry's history.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.