Binance to Shut Down Crypto Mining Pool Services in November

Binance, the world's largest cryptocurrency exchange, announced it will discontinue its crypto mining pool and related services on Nov. 10, 2026, ending an operation that has been active for over six years. The shutdown affects Binance Pool as well as several associated products, including Pool Savings, Cloud Mining, Transaction Accelerator, mining pool APIs, and hashrate notifications.

After the Nov. 10 deadline, Binance will disable its mining endpoints, disconnect miners from the pool, and stop accepting hashrate submissions. Mining shares received after the cutoff will no longer be credited, and affected products will cease generating rewards and yields. The exchange attributed the decision to an ongoing review of its product lineup but did not specify a reason for the closure. Users with active Pool Savings positions have been advised to redeem or unsubscribe before the shutdown to avoid disruptions.

Binance launched its mining pool in April 2020, initially supporting Bitcoin (BTC) mining before expanding to additional cryptocurrencies. The exchange has urged miners to redirect their computing power to alternative mining pools ahead of the deadline. Outstanding rewards, balances, refunds, and settlements will be processed after the shutdown, subject to applicable product rules and compliance checks. Users will have until Nov. 24 to access historical mining records and payout information before the pool's pages become permanently inaccessible.