June 22 (Cointime) - Binance has announced the launch of a new batch of Cloud Mining products for BTC mining. Users can now subscribe to purchase hashrates and start earning mining rewards in their Funding Wallets. To complete subscriptions, users must have their accounts verified through the identity verification (KYC) process.

Binance has also provided resources to help users understand how to use Cloud Mining and how mining pools work. The Terms of Use for Binance Cloud Mining have also been made available.