Binance to Shut Down Bitcoin Mining Pool and Related Services on November 10

Binance calls it quits on its mining pool

Binance has announced it will shut down Binance Pool and several related services at 07:00 UTC on November 10, 2026. The closure covers Binance Pool, Pool Savings, Cloud Mining, and Transaction Accelerator, along with Telegram hashrate alerts, email notifications, and the pool's API. The exchange published the announcement on Tuesday, citing an ongoing review of its products and services.

Binance Pool, which launched in April 2020, ranked ninth among Bitcoin mining pools at the end of 2025. It processed about 26 exahashes per second, or 2.3% of the Bitcoin network's total hashrate, according to Hashrate Index. A mining pool is a service that combines the computing power of many individual miners and splits block rewards among them based on each participant's contribution.

Key details from the announcement

• Cutoff time: 07:00 UTC on November 10, 2026. At that point, Binance Pool will begin disconnecting miners, disable Stratum URLs (the server addresses miners use to connect), and stop accepting hashrate submissions.
• Services affected: Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, Telegram hashrate alerts, email notifications, and the pool's API.
• Miner deadline: Miners must point their hardware to another pool before the cutoff. Pool Savings users must unsubscribe or redeem their positions before the service ends.
• Final payout window: Anyone expecting a final payout must complete any required identity verification by 23:59 UTC on November 10.
• Page access: Binance Pool pages will remain viewable until 07:00 UTC on November 24, after which they become permanently inaccessible.

What Binance said

Binance stated in its announcement: “As part of our ongoing review of products and services, Binance will discontinue Binance Pool and related services on 2026-11-10.” The exchange noted that all Binance Pool-related services would be discontinued, mining connections would be disconnected, and Stratum URLs and mining endpoints would be disabled. Hashrate submissions and mining shares submitted after the cutoff would no longer be accepted, processed, or credited.

Binance also said that eligible outstanding rewards, balances, and refunds would be processed after the shutdown, subject to its product rules, account status, and compliance checks. The exchange confirmed the pool would continue operating normally until the cutoff time.

Part of a broader shift at Binance

The mining pool closure is the latest move in a pattern of Binance winding down older products while expanding into new areas. The exchange closed its centralized NFT service on July 3, telling users to move their tokens to Binance Wallet, its self-custody wallet. Then-CEO Changpeng Zhao previously described these wind-downs as a “smooth sunsetting of old products” in 2023.

On June 1, Binance opened access to more than 7,000 U.S. stocks and ETFs (exchange-traded funds, which track a basket of assets) for customers outside the United States. These came with zero commission and fractional purchases starting at $5, according to co-CEO Richard Teng. Binance also previewed bStocks, a feature that will let users create tokenized versions of shares they buy on the BNB blockchain.

Industry reactions and context

Quantmap co-founder Ivan Patriki told Decrypt at the time of the U.S. stocks launch that large exchanges are moving into equities because they no longer want to depend on crypto market cycles. Vytautas Mackonis, COO of RWA protocol ALCUM, told Decrypt that the offering is more structurally complex than it appears, with Binance serving as the interface, Nest Trading as the broker-dealer, and Alpaca Securities as the custodian.

Hashrate Index's report described Binance Pool as the last pool still operating from the era when major exchanges rushed into mining. It noted the pool's relevance was tied to Binance's broader exchange and custody business rather than mining technology.

What this means for affected users

For active miners, the deadline is clear: hardware must be reconfigured to connect to a different mining pool before 07:00 UTC on November 10. Any hashrate submitted after that time will not count toward rewards.

Cloud Mining users who purchased hashrate without owning hardware will need to redeem their positions before the shutdown. Transaction Accelerator users, who used the service to push slow Bitcoin transactions through the network, will lose access to that tool on the same date.

Binance has not announced a replacement for any of these services.

Sources

• Decrypt
• Hashrate Index