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OKEx’s Mining Pool on Target to Become Its Second Core Business

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by Julia Sakovich · 2 min read
OKEx’s Mining Pool on Target to Become Its Second Core Business
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OKEx is actively working to provide the services that will satisfy the needs of its growing customer base. Now the exchange is concentrated not only trading but also on the services of its mining pool.

Global exchange OKEx is diversifying its service offerings as it looks to meet increasing demands from customers.

In an interview on WeChat, Alina Yao, head of OKEx’s mining pool, OK Pool, confirmed the service offered by the exchange was essential to its business, and that her team was hard at work to make it the best service in the world.

Interview

Speaking to an interviewer, she said that while trading was the exchange’s core service the mining pool was equally important.

“In my opinion, if futures trading is OKEx’s left hand, OK Pool is OKEx’s right hand,” she said.

“OK Pool will be working on two directions in the future – proof of work (PoW) mining and non PoW business, such as proof of stake (PoS) and delegated proof of stake (DPoS) mining … We’re confident that we will become the global leader.”

“[Our] staking mining pool will develop in two directions – strive to become the mining pool with the largest number of quality nodes and to deepen the public chain node community relationships.”

“Not only do we need to serve our users, we also need to serve the project teams, to help every public chain to grow and promote the prosperity of the entire blockchain ecology. This is what OK Group is all about,” explained she.

OK Pool

OK Pool works by allowing OKEx customers to quickly and easily access its mining services through the main OKEx platform.

From there, users who have access to mining hardware can enter the hashrate they are able to generate and the token they would like to mine.

Currently, OK Pool supports BTC, BCH, BSV, LTC, ETH, ETC, DASH, DCR and ZEC.

The pool also features token switching, allowing miners to operate their own mining machines flexibly, and change the coin they mine to ensure they are as profitable as possible.

Users new to using OK Pool have access to tutorials and guides on how to set-up their hardware and access OK Pool, with regular payments being made to miners each day.

Alina said OK Pool is now the number one block producer for the EOS blockchain.

Malta-based exchange OKEx is one of the world’s largest cryptocurrency exchanges, with customers based across the world. At time of press, the exchange was reporting a 24-hour adjusted trading volume of over $911 million, according to CoinMarketCap.

Altcoin News, Bitcoin News, Cryptocurrency news, Ethereum News
Julia Sakovich
Editor-in-Chief Julia Sakovich

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.

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