Binance to Shut Down Binance Pool and Mining Services Nov. 10

Binance will permanently close Binance Pool and a group of connected mining services on November 10, 2026 at 07:00 UTC, the exchange said in an announcement on October 13, 2026. Miners have 28 days from the announcement to point their hashrate at a different pool, according to Cryptobriefing.

After the cutoff, hashrate sent to Binance Pool will be rejected and shares will not be credited toward mining rewards. Crypto.news reported that Binance will disconnect mining equipment at that time and disable the Stratum addresses and mining endpoints used to submit computing power.

Key facts

• Binance Pool, Pool Savings, Cloud Mining and the Transaction Accelerator all stop on November 10, 2026 at 07:00 UTC, along with Telegram hashrate alerts, email notifications and the mining pool APIs.
• Binance Pool webpages stay online after the shutdown and close permanently on November 24, 2026, giving users a 14-day window to view historical data, account records and payment statuses.
• Crypto.news reported that users who need to complete identity verification or other account requirements have been told to finish those steps by 23:59 UTC on November 10.
• Binance said eligible prior rewards and balances will keep being processed under its existing guidelines, and that eligibility depends on product terms, account status, risk controls, compliance reviews and applicable laws.
• Binance launched the mining pool in April 2020, initially for Bitcoin mining, and introduced a $500 million lending initiative for Bitcoin miners and digital asset infrastructure companies in October 2022.

What ends alongside the pool

This is a full wind-down rather than the trimming of one product. Pool Savings accounts, Cloud Mining products and the Transaction Accelerator are all covered by the same schedule, and so is the support tooling around the pool.

Crypto.news reported that customers holding active Pool Savings positions have been told to review their accounts and complete any required redemptions or cancellations before November 10. Cloud Mining customers face a different problem: they were buying exposure to hashrate rather than running machines, so the closure removes a product instead of requiring a configuration change. Miners running hardware still working through Binance Pool have to disconnect their equipment, move to another pool and rebuild monitoring that depended on Binance’s alerts or APIs.

Binance said payment eligibility for outstanding mining rewards, refunds and other balances would be assessed under the relevant product terms and would not necessarily be paid immediately. The exchange’s announcement did not guarantee immediate settlement of every outstanding balance, according to Crypto.news.

A Brazil restriction lands earlier

The global closure follows a separate Binance move to limit access to several services, including Binance Pool, for users in Brazil from October 27, 2026. Cryptobriefing reported that the Brazilian restriction is tied to compliance with new central bank regulations in the country, which means some Brazilian users lose pool access about two weeks before everyone else. Binance has not linked the global shutdown directly to the Brazilian rules in the material it published.

Crypto.news reported that Binance said the decision follows its ongoing review of products and services. The exchange did not name a replacement mining provider, disclose how much computing power was connected to Binance Pool, or provide financial results for the business. It also made no announcement about discontinuing its main cryptocurrency exchange operations.

Binance Pool’s recent history includes a September 2026 end to USDP support in the pool as part of a separate stablecoin delisting schedule, with September 16 as the deadline for pool-related USDP support and September 17 for final earnings settlement. Earlier, in November 2024, the pool began supporting Fractal Bitcoin merged mining, and in August 2023 it added Bitcoin Ordinals inscription services.

Why it matters

Thousands of miners who routed shares through Binance Pool have to move hardware and rebuild reporting inside a fixed window, and any machine left pointed at the old Stratum addresses after 07:00 UTC on November 10 mines without earning credited shares. Cloud Mining customers lose a product outright rather than adjusting settings. Binance, which built the pool in April 2020 and later tied mining rewards into its spot, futures and financial services, is exiting that business without naming a replacement or a cause beyond a product review. The closure arrives in a year when Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc. and DMND joined the Stratum V2 working group in May 2026 — an initiative covering operators that Crypto.news said represented roughly 75% of Bitcoin’s network hashrate at the time.

What to watch

The hard deadline is 07:00 UTC on November 10, 2026, when hashrate submissions and share crediting end and Binance removes Binance Pool links from its homepage. The 23:59 UTC account verification deadline falls the same day, and the 14-day historical access window closes when the remaining Binance Pool pages shut on November 24.

Disclaimer: This article is for information only and is not investment, financial or trading advice. Cryptocurrency prices are highly volatile. Always do your own research.

Sources: Crypto Briefing, Crypto.news