Largest Crypto Exchange-Backed Mining Departures

Binance joins a list of major exchanges that have exited the mining sector to streamline operations.

The top 3

  1. OKX Mining Pool Sunset: OKX discontinued its mining pool services in 2024, citing a move toward optimizing their core trading infrastructure. OKX
  2. Bitstamp Infrastructure Shift: Bitstamp avoided direct mining operations entirely, preferring a pure exchange model to maintain regulatory simplicity. Bitstamp
  3. Genesis Mining Retrenchment: While not an exchange, the cloud mining pioneer significantly reduced operations following the 2022 market downturn. Genesis Mining

Sources

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