Launched less than seven months ago, Binance Mining Pool is currently the 4th largest pool with an 11.36% hash rate after Antpool, Poolin and F2Pool. At the time of launch in April this year, the mining pool of the leading crypto exchange was the 11th largest pool with a share of less than 4%.
The new mining pool actually promotes censorship of certain bitcoin transactions, which the community opposes. Earlier, Spencer NOON expressed concern that in the future, mining pools owned by exchanges would give priority to their transactions and even censor transactions against the exchanges of competitors.
According to the CEO of Binance, now there are more users, more adoption and institutional participation.