Binance Pool's move to launch a presale of cloud mining products could be a strategic step to expand its offerings and attract more users. Cloud mining allows individuals to participate in cryptocurrency mining without the need for purchasing and managing expensive hardware. Instead, users can buy mining contracts from a provider, who then handles the hardware and maintenance.

For Binance Pool, this expansion diversifies its services beyond traditional trading and exchange functions. Cloud mining products could appeal to users who want to get involved in cryptocurrency mining but lack the technical expertise or resources to set up their own mining rigs.

Preselling these products enables Binance Pool to gauge interest and secure early commitments from users, potentially generating revenue upfront to finance the infrastructure needed for cloud mining operations. It also allows them to fine-tune their offerings based on early feedback before a full-scale launch.

However, users should exercise caution and conduct thorough research before investing in cloud mining contracts, as they involve various risks such as fluctuations in cryptocurrency prices, operational issues, and the potential for scams.$BTC