On multiple occasions, Binance Pool has processed the mostBSV blocks in one day; for instance, on June 16, Binance Pool processed 27.78% of the BSV blocks generated that day.
Binance Pool has become one of the largest transaction processors on the Bitcoin SV(BSV) network, processing 12.5% of the blocks mined on Bitcoin today at press time.
Over the past few weeks, Binance has been increasingly supporting the BSV blockchain even after its CEO Changpeng Zhao publicly denounced BSV on Twitter back in April before delisting BSV from the exchange.
Binance is processing BSV because it is profitable for them to do so, if it was not, then they would not be supporting original Bitcoin (BSV).
It’s worth noting that BSV’s market cap was poised to surpass Binance Coin’s (BNB) market cap for the first time inearly 2020. However, when BSV’s market cap was only $1 million away from surpassing BNB, the BSV market cap mysteriously plummeted. This led some to believe that it wasBinance dumping BSV that they held to prevent Bitcoin SV from climbing into the top 8 digital currencies by market cap.
Or maybe, Binance is mining BSV in preparation for a BSV re-listing on their exchange. This way, Binance can provide more liquidity for BSV trading pairs once they bring BSV backto their exchange.
No one knows what Binance will actually do next, but either way,it is clear that Binance has its eye on BSV.