April 27, 2020 Binance has launched a Bitcoin mining pool service.

The cryptoasset exchange, Binance launched a Bitcoin mining service on Monday. The service will initially use a Full Pay-Per-Share model whereby block rewards and a portion of block transaction fees are shared with all entities in the pool. The company plans to launch similar services for other Proof of Work networks as well as supporting additional Proof of Stake networks with other, presumably staking, services.