Binance Starts Offering its VIP Users a Transaction Accelerator
Binance has introduced a transaction acceleration service to meet the needs of VIP traders who have a monthly trading volume of at least $1 million on the exchange.
This service allows for miners to prioritize transactions in order to confirm them faster than usual, especially in congested networks with low fees.
However, the exchange has warned that after requesting the service, it cannot be withdrawn and the service fee will not be refunded.
Additionally, the platform now offers Bitcoin cloud mining products, Cloud Mining, enabling users to purchase hashrate via a subscription and receive rewards.
The minimum purchase amount is 1 TH/s (~$10.7) and the service term is 180 days which translates to a daily income of 241 satoshi/TH/s or about $0.06 for the whole period, based on the bitcoin price at the time of writing.
