TheBlock
Binance will discontinue Binance Pool, Pool Savings, Cloud Mining, and Transaction Accelerator on Nov. 10 at 7 a.m. UTC. The shutdown also disables hashrate alerts, email notifications, mining pool APIs, Stratum URLs, and related endpoints, with mining shares submitted after the deadline no longer accepted or credited.
Why it matters
The closure ends a broad set of mining and yield-related services as Binance reviews its product suite. Users have been told to redirect mining equipment to another pool before the deadline and redeem or unsubscribe from active Pool Savings positions. Eligible rewards, refunds, and settlements will be handled under the applicable product terms, subject to account status and compliance checks.
Binance Pool pages will remain available until Nov. 24, 2026, at 7 a.m. UTC for historical data, account records, and payout status where available. After that, the pages will become permanently inaccessible.
Market impact
The immediate effect is operational rather than a direct change to mining economics. Miners using Binance's pool or cloud services must secure alternatives, while users with active savings positions need to complete the required redemption or subscription steps before the service cutoff.
The move also highlights Binance's broader shift beyond its core exchange business. The company is adding traditional finance-linked products, including physically settled options on more than 1,000 US-listed stocks and ETFs through its Abu Dhabi Global Market-regulated broker-dealer. Binance said traditional finance perpetual futures volume reached $433.4 billion in August, up from $29.5 billion in January, while its AI trading interface followed a beta involving about 150,000 users.
Frequently asked questions
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When will Binance shut down its mining services?
Binance will discontinue its mining pool and related services on Nov. 10 at 7 a.m. UTC.
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Which Binance products are included in the shutdown?
The closure includes Binance Pool, Pool Savings, Cloud Mining, and Transaction Accelerator, along with related alerts, APIs, Stratum URLs, and endpoints.
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What happens to mining shares submitted after the deadline?
Hashrate submissions and mining shares submitted after the deadline will no longer be accepted, processed, or credited.
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What should Binance mining users do before the closure?
Users should redirect mining equipment to another pool and redeem or unsubscribe from active Pool Savings positions before the cutoff.
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How long will Binance Pool records remain accessible?
Binance Pool pages will remain accessible until Nov. 24, 2026, at 7 a.m. UTC for historical data, account records, and payout status where available.
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