Binance Pool shutdown represented by a cryptocurrency mining rig and Binance coin symbol against an olive-green background.

Binance Pool to Shut Down November 10, Ending Crypto Mining Services

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Key Insights

  • Operational continuity matters. As of November 10, miners will need to re-target their machines or risk losing any work they do.
  • Payment will be subject to eligibility. Binance will settle outstanding balances although account requirements and compliance may impact settlement.
  • The market impact remains uncertain. Binance has disclosed neither its pools hash rate nor the destination of migrating miners.

Binance Pool will shut down on November 10, 2026 ending than six years of cryptocurrency mining services and forcing users to move their computing power elsewhere. The exchange made the announcement on October 13. It said the decision came from a review of its products and services. It did not give a clear reason, for closing.

The shutdown includes Binance Pool, Pool Savings, Cloud Mining and Transaction Accelerator. Binance will also retire mining APIs, Telegram hashrate alerts and email notifications. Consequently, affected customers must prepare for the service changes before the November deadline.

Binance pool closure sets firm mining deadlines

Binance will begin disconnecting mining equipment at 07:00 UTC on November 10. At that point, the exchange will disable its Stratum addresses and mining endpoints, preventing machines from submitting additional computing power.

Any hashrate submitted after the deadline will not qualify for mining rewards. However, eligible shares submitted before the cutoff will remain subject to the platform’s existing reward calculations.

Binance expects the service to run normally until the planned shutdown. So miners should pick mining pools and change their equipment settings before November 10.

The closure also affects customers who use mining-related products without operating physical equipment. Cloud Mining customers will lose access to rented hashrate services, while Transaction Accelerator users will lose the associated transaction service.

Binance has not identified a replacement provider or disclosed how much computing power currently runs through its pool.

Outstanding rewards and historical records face deadlines

The exchange has told customers to check their balances and take care of any account duties before the shutdown. People who have Pool Savings positions need to either redeem or cancel them before November 10.

Binance says that any unpaid rewards, refunds and other balances that qualify will be handled after the service stops. Whether you get paid depends on the rules of the product your account status, risk checks, compliance reviews and local laws.

If you need to verify your identity or finish any account checks you must do that by 23:59 UTC on November 10. Failing to meet the deadline could result in additional delays, but Binance has not promised that the transactions will settle in a timely manner.

Users should also preserve their earnings statements and historical mining information. Binance plans to remove Pool links from its homepage on November 10, while historical pages will remain available temporarily.

The principal deadlines are as follows.

  • November 10 at 07:00 UTC — Mining connections stop, and new hashrate submissions no longer qualify for rewards.
  • November 10 at 23:59 UTC — Deadline for completing required identity verification and account checks.
  • November 24 at 07:00 UTC — Historical mining pages close permanently.

After November 24, customers will lose access to those records through the existing Binance Pool interface.

Binance Pool’s History Highlights a Broader Retreat

Binance also started its mining pool in April 2020, targeting the bitcoin miners. Later the service was expanded with financing schemes and other services related to mining.

Binance announced in October 2022 that it will launch a $500 million lending program for Bitcoin miners and digital asset infrastructure providers. The program’s goal was to offer funding to businesses that met the eligibility requirements, as well as large mining operators. The October 2026 closing up, however, doesn’t indicate anything regarding loans which can be part of this program.

As the years went by, Binance has implemented more features. It launched its Bitcoin Ordinals inscription services in August 2023. The pool also got some improvements in November 2024, introducing Fractal Bitcoin merged mining support which allowed miners joining the pool to obtain additional rewards through the suggested mining operations.

The exchange also adjusted individual products before announcing the global shutdown. In September 2026, Binance ended Pool-related USDP support under a separate stablecoin delisting schedule.

Meanwhile, Binance announced restrictions affecting Brazilian users from October 27. Those measures cover Binance Pool and several other products as the company adapts to local regulatory requirements. However, Binance has not linked the worldwide closure directly to Brazil’s regulatory changes.

Another industry development provides useful context. In May 2026, Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc. and DMND joined a Stratum V2 working group. The participating operators represented approximately 75% of Bitcoin’s network hashrate at the time.

Stratum V2 will enhance communication between miners and mining pools and provide more control to the participant in choosing transactions. However, this technology effort or competition has not been cited as a reason for Binance’s decision.

What the Shutdown Means for Mining Operators

Binance Pool’s departure means miners who rely on it must reorganize their operations before the deadline. The first step is choosing a provider. Then they need to adjust mining configurations. They also have to set up monitoring tools since those tools used to depend on Binance’s systems.

This shutdown does not mean Binance is closing its cryptocurrency exchange. It is only removing a part of its business—Binance Pool and the services tied to it.

The end of Binance Pool ends a six-year run. The real impact will depend on how miners move their computing power to other platforms. For now the important task is meeting the November deadlines. Miners should check for any pending payments. Make sure they save their historical data before access is cut off.

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