Binance to Shut Down Bitcoin Mining Pool on November 10, Ending Six-Year Mining Operation

BlockBeats news, October 14 — Binance announced it will cease Binance Pool and related services starting at 07:00 (UTC) on November 10, 2026, including Pool Savings, Cloud Mining, Transaction Accelerator, as well as hashrate alerts, email notifications, and mining pool API functions.

Binance Pool launched in April 2020. According to Hashrate Index data, as of the end of 2025, the pool ranked ninth among Bitcoin mining pools with approximately 26 EH/s of hashrate, accounting for about 2.3% of the network's total hashrate.

Binance said that when the service closes, miner connections will be disconnected and mining pool addresses will be deactivated. Hashrate and mining shares submitted after the deadline will no longer be accepted or counted toward earnings. Miners need to switch their equipment to other mining pools in advance, while Pool Savings users need to redeem their positions before the service terminates. Eligible unsettled rewards, balances, and refunds will be processed subsequently, subject to platform rules and relevant compliance reviews.

The adjustment comes as Binance is expanding its traditional finance business. In June of this year, Binance opened trading in more than 7,000 U.S. stocks and ETFs to users outside the United States; previously, the platform also shut down its centralized NFT service in July.