Crypto News
Binance’s mining pool is set to close on November 10, leaving miners with a deadline to move their operations. The announcement comes alongside a separate expansion in Binance’s traditional-asset derivatives business.
Why it matters
Miners who rely on the pool will need to find another venue before it shuts. The seed does not specify which pool services or migration options are affected, so the November 10 closure date is the key detail for users.
Market impact
Binance’s traditional-asset perpetual volume reportedly jumped 15-fold to $445 billion in July. The exchange is also offering users outside the US options tied to more than 1,000 US stocks and ETFs through its Abu Dhabi entity, Nest Trading Limited. The mining-pool closure and traditional-asset expansion are separate developments, but together they show Binance changing its product footprint across mining and derivatives.
Frequently asked questions
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When is Binance’s mining pool set to close?
The pool is set to close on November 10. Miners who rely on it will need to move their operations before then.
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What does the closure mean for miners using the pool?
They will need to arrange an alternative before the pool shuts. The announcement does not specify which services or migration options are affected.
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How much did Binance’s traditional-asset perpetual volume grow?
It jumped 15-fold to $445 billion in July.
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Which traditional assets are available through Binance’s options offering?
Users outside the US can access options tied to more than 1,000 US stocks and ETFs.
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Which Binance entity is involved in the stock and ETF options offering?
The offering is provided through Binance’s Abu Dhabi entity, Nest Trading Limited.
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