Binance Pool, an inclusive cryptocurrency mining platform, today announced its partnership with BitRiver, a provider for mining in the Commonwealth of Independent States (CIS). BitRiver has added a node of Binance Pool to its full-service cryptocurrency mining datacenter in the city of Bratsk, Russia, according to the announcement.
The collaboration is aimed at creating a comprehensive infrastructure for the entire crypto and mining industry in Russia and CIS. Binance Pool’s node will enable BitRiver’s customers to have a more reliable and higher quality connection between their mining devices at BitRiver’s data center and Binance Pool’s platform.
“Binance Pool offers a highly competitive fee structure to institutional-scale miners, who are the customers of our data center. By having Binance Pool’s node in our data center, our customers from across the globe can now enjoy a more reliable and higher quality connection from Binance Pool,” said Igor Runets, CEO at BitRiver. “This would not only reduce network latency and potential downtimes but also lower the rejection rate of blocks, directly translating into better gains for Binance Pool users from our data center.”
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“Bitriver is one of the largest data centers in Russia and CIS and we highly appreciate that the Сompany tested and evaluated our range of services for cryptocurrency miners. Binance and BitRiver’s collaboration allows strengthening the level of services and expanding access to our customers, ” Gleb Kostaev, Binance’s director in Russia and CIS, noted.
Binance, a global blockchain, cryptocurrency infrastructure provider, announced the launch of Binance Pool last April. Binance Pool provides more opportunities and financial tools for miners and the mining industry. It is integrated into the Binance ecosystem, allowing users access to its suite of derivatives products including Binance Futures, Spot and Margin trading, Binance Savings, Binance Staking, and OTC services.
Founded by Igor Runets in 2017 and headquartered in Moscow, BitRiver LLC provides hosting services and turnkey solutions for large-scale cryptocurrency mining operations to institutional investors around the world. The firm employs over 50 full-time staff in three offices across Russia and full-time sales representatives in China, Japan, UAE, and the USA. BitRiver currently utilizes only surplus hydroelectric power to operate the largest data center that offers co-location services for cryptocurrency mining in Russia and the CIS region.