New updates have been reported about KuCoin (PC:KUCOI)
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KuCoin, a prominent global cryptocurrency platform, has announced the introduction of KuPool, a cutting-edge mining pool service. This new service is designed to integrate seamlessly with KuMining and the KuCoin exchange, creating a comprehensive ecosystem that encompasses hashrate generation, mining, and asset management. Led by Chris Zhu, a seasoned expert in the mining industry, KuPool aims to offer users a secure and efficient mining experience. Zhu, who previously co-founded BTC.com and Poolin, brings over ten years of experience, further solidifying KuCoin’s reputation in the crypto space.
KuPool aligns with KuCoin’s renewed brand vision, ‘Trust First. Trade Next.’, by placing verifiable hashrate at the core of its operations. The platform offers a transparent mining system that ensures fair and verifiable profit distribution through a low-latency and traceable mechanism. Initially supporting cryptocurrencies like LTC, DOGE, PEPE, Lucky, and BELLS, KuPool plans to introduce BTC mining soon. This initiative is backed by KuCoin’s robust resources, including its expertise in secure asset management and regulatory compliance. KuPool’s launch marks a significant step in expanding KuCoin’s ecosystem, transforming it from a traditional trading platform to a hub for hashrate production and allocation. This strategic move is expected to drive the industry towards a new era of trust-based mining and real yields, as highlighted by BC Wong, CEO of KuCoin. The service underscores KuCoin’s commitment to delivering innovative mining solutions and fostering the growth of the blockchain hashrate economy.