Binance to Shut Down Mining Pool and Related Services on…
By Karthik Subramanian
AI summary of the source article
Binance announced it will permanently shut down Binance Pool and related mining services on November 10, 2026. The closure affects pool connections, cloud mining, and savings products, with historical record access ending November 24.
Why it matters
The text states that "Binance's departure could prompt participating miners to redistribute their hashrate among competing operators" and "removes one intermediary through which miners coordinate their activity and receive rewards."
Key facts
- Binance Pool and its associated mining services will permanently shut down at 07:00 UTC on November 10, 2026.
- The shutdown affects pool connections, cloud mining products, Binance Pool Savings, and the Transaction Accelerator service.
- Users will have access to historical mining records until 07:00 UTC on November 24, when the pages become permanently inaccessible.
Source excerpt · FinanceFeeds
Binance has announced that it will permanently discontinue Binance Pool and its associated mining services on November 10, 2026, marking the end of a major part of the cryptocurrency exchange's mining infrastructure business. In an official notice published on October 13, Binance confirmed that the closure will take effect at 07:00 UTC on November 10, affecting mining pool connections, cloud minin…