The decision to discontinue the mining pool operation comes as OKX adjusts its business strategy. However, the exchange has assured customers that they can still mine various digital assets, including popular cryptocurrencies such as Bitcoin, Litecoin, and Ethereum Classic.
Despite the availability of multiple digital assets for mining, OKX revealed that currently, only 11 users are mining Bitcoin, collectively contributing to a hashrate of approximately 520 TH/s. Additionally, six users are mining other cryptocurrencies, which the exchange considers too insignificant.
CoinGecko, a reputable trading volume data provider, currently ranks OKX as the fourth-largest exchange in terms of daily trading volumes. As of January 26, the exchange recorded a staggering trading volume of more than $1.47 billion.
To address concerns over the native OKB token’s significant drop in value, OKX has previously pledged to compensate all affected users accordingly.