Binance has announced that it will close its Binance Pool mining platform and related services on November 10, 2026. The shutdown takes effect at 7:00 a.m. UTC and covers Binance Pool, Pool Savings, Cloud Mining, and Transaction Accelerator. The exchange asked users to redirect their mining equipment to other pools and close active savings positions before the deadline.
According to Binance’s October 13 announcement, the decision forms part of its ongoing review of products and services. The notice provided no further details about the reasons for the closure. The schedule sets separate deadlines for ending mining operations and closing access to historical records.
Binance Pool Will Stop Accruing New Rewards on November 10
Binance will begin disconnecting mining connections to the pool at 7:00 a.m. UTC on November 10. The Stratum URLs and connection endpoints used by miners will also be disabled at that time.
The pool will no longer accept hashrate submissions or mining shares after the cutoff. Users will earn no rewards for shares submitted after the shutdown. Mining shares are proofs of work that record the computing contribution a device makes to a pool.
The closure extends beyond users who connect mining equipment to the platform. Cloud Mining, Pool Savings, and the Transaction Accelerator service will follow the same shutdown schedule.
Telegram hashrate alerts, email notifications, and mining pool API services will also end. Binance will close access points to the affected products, which will stop generating new rewards, yield, or other service benefits.
Eligible mining shares submitted before the deadline will still count toward the final reward calculation. Binance will calculate these rewards under its existing pool rules. The cutoff therefore also determines which contributions qualify for miners’ final reward period.
Miners Must Redirect Their Equipment to Other Pools
Binance asked miners who want to avoid interruptions to change their equipment’s connection settings before the deadline. Users need to disconnect from Binance Pool and redirect their devices to another mining pool.
The warning makes clear that keeping equipment running will not be enough to continue earning rewards. Devices that keep submitting work to old Binance Pool addresses after the cutoff will generate no new earnings through the service.
Pool Savings users also need to review their active positions. The exchange asked them to unsubscribe from or redeem those positions before the service ends.
Processing of remaining rewards, eligible balances, refunds, and other settlements will continue after the shutdown. However, these transactions will depend on the relevant product terms and each user’s account status.
Binance said risk controls, compliance checks, and applicable laws will also govern payment processing. The announcement therefore does not guarantee simultaneous, unconditional payments to every user; eligibility will depend on the relevant product terms.
Users must also ensure their accounts can receive any eligible rewards and refunds. Completing account requirements, including any necessary identity verification, will help facilitate the processing of remaining payments.
Access to Historical Records Will End on November 24
Binance will remove links to Binance Pool from its homepage on November 10. Pool pages will remain accessible for another 14 days so users can review historical information.
During that period, users will be able to view historical mining data, account records, and payout status where available. Access to the pages will end permanently at 7:00 a.m. UTC on November 24, 2026.
Users therefore need to track the deadline for saving their records as well as those for moving equipment and closing savings positions. They should download any reports and transaction history they may need for future account checks before access ends.
The decision comes as Binance expands its product range into other areas. In September, the exchange announced plans to offer physically settled options on more than 1,000 U.S.-listed stocks and exchange-traded funds through Nest Trading.
Binance also opened its AI-powered trading interface to English-language users globally on October 12. The mining shutdown represents another change to the company’s product portfolio; the announcement does not establish a direct causal link between its new offerings and the closure.
