Binance to Shut Down Bitcoin Mining Pool and Related Services on Nov. 10
Binance will permanently shut down Binance Pool and its associated mining products at 07:00 UTC on November 10, 2026. The closure covers the main block-reward service alongside secondary offerings such as Pool Savings, Cloud Mining, the Transaction Accelerator, mining pool APIs, and hashrate alert systems. The cryptocurrency exchange cited an ongoing product review as the reason behind the decision.
The shutdown directly affects Bitcoin miners currently pointed at Binance endpoints. After the deadline, the pool will no longer accept or credit new shares and hashrate submissions. Miners must reconfigure their mining equipment to alternative pools prior to the cutoff to prevent operational downtime and lost earnings. Additionally, users need to settle open savings positions and verify account details to collect any remaining balances or eligible refunds.
While the closure marks an exit from mining services, Binance is not closing its core cryptocurrency spot trading platform or main Bitcoin exchange operations. Market participants and miners will monitor how smoothly hashrate transitions to rival mining pools ahead of the November target date. Bitcoin (BITSTAMP:BTCUSD) was trading down 0.26% at $81,170 following the update.
Key points
- Binance Pool and related services will permanently cease operations at 07:00 UTC on November 10, 2026.
- Affected services include Pool Savings, Cloud Mining, the Transaction Accelerator, mining APIs, and hashrate alerts.
- Miners must redirect their machines to new mining pools before the cutoff to avoid service interruptions.
- Binance stated the closure is part of a product review and is not closing its main Bitcoin spot exchange.
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How we writeDisclaimerQuestions and answers
When is Binance closing its Bitcoin mining pool?
Binance Pool and its related mining services will officially close at 07:00 UTC on November 10, 2026.
What happens to Bitcoin miners currently using Binance Pool?
Miners must reconfigure their equipment to point to a different mining pool before November 10, 2026. After that deadline, Binance Pool will no longer accept or credit new shares or submitted hashrate.
Is Binance shutting down its main crypto exchange?
No. The closure only applies to Binance Pool and its mining-related services. Binance is not shutting down its core Bitcoin exchange or spot trading platform.