Kucoin getting into Bitcoin Mining business

KuCoin finally entered the mining industry by creating their own pool.

One of the largest crypto exchanges of the crypto market ready to support the bitcoin network through the mining pool. After establishing the Bitcoin mining pool by KuCoin, around 6,000 BTC entered the mining market and probably this is a huge amount of bitcoin because after China’s hammer on the crypto mining operations and crypto related services, the Bitcoin network faced a huge amount of lack of support. 

China’s ban on mining operations leads to a big opportunity for those crypto companies which were willing to enter in the mining business, surely here KuCoin entered in this opportunity. 

This information, is shared by the WuBlockchain on twitter

KuCoin Exchange established their crypto exchange business for a long time, right now they are out of Seychelles since September 2017. 

In history this Exchange faced a big hack attack, where hackers stole around 1,000 BTC and 11,000 ETH. The whole amount of the worth of all crypto assets at that time was around $275 million, and it is still in the list of biggest hacks in crypto history. Read about the biggest hack in crypto history.

Read also: Visa joined the popular NFT mania CryptoPunk