Binance to shut down mining pool and related services on November 10

On October 13, 2026, Binance announced it will shut down its Binance Pool mining platform and related services on November 10, 2026, at 07:00 UTC, ending operations active since April 2020. The decision covers Cloud Mining, Pool Savings, and API tooling as part of an ongoing product review. Binance urged miners to migrate to other pools and instructed users to retrieve historical records before November 24, while Brazilian users face earlier access restrictions starting October 27.

Shutdown announcement and affected services

• ▪Binance attributed the shutdown of Binance Pool to an ongoing review of its products and services, without providing a specific reason for the shutdown decision
• ▪Binance announced on October 13, 2026, that it will shut down its crypto mining pool, Binance Pool, on November 10, 2026, ending operations that originally launched in April 2020
• ▪Binance's discontinuation of Binance Pool covers related products and tooling including Pool Savings, Cloud Mining, Transaction Accelerator, mining pool APIs, and hashrate alerts

Operational termination details

• ▪Binance Pool and its associated services will officially discontinue operations on November 10, 2026, at 07:00 UTC
• ▪Following the November 10, 2026 deadline at 07:00 UTC, Binance will disable mining endpoints, stop accepting submitted hashrate, and cease crediting shares or yielding rewards

Instructions for users and miners

• ▪Binance instructed miners using Binance Pool to redirect their computing power and equipment to alternative mining pools prior to the November 10, 2026 shutdown deadline
• ▪Binance advised users holding active Pool Savings positions to redeem or unsubscribe from the product before the November 10, 2026 closure

Settlement of earnings and rewards

• ▪Binance announced that eligible outstanding rewards, balances, refunds, and settlements will be processed after the Binance Pool shutdown under existing product rules and compliance checks
• ▪Binance stated that earnings accrued before the November 10, 2026 shutdown of Binance Pool will not be wiped out by the Binance Pool closure itself

Shutdown timeline and record access

• ▪Binance will keep the Binance Pool webpage accessible until November 24, 2026, giving users two additional weeks after the November 10, 2026 shutdown to download account records and view historical payout data
• ▪Binance's schedule gives miners a 28-day window between the announcement on October 13, 2026, and the service cutoff on November 10, 2026

Service restrictions in Brazil

• ▪Binance moved to limit access to several services, including Binance Pool, for users in Brazil starting October 27, 2026, roughly two weeks prior to the global shutdown of Binance Pool on November 10, 2026
• ▪Binance's restriction of Binance Pool access for users in Brazil starting October 27, 2026, is tied to compliance with new central bank regulations in Brazil

Debatable claims

• ▪Central bank regulatory compliance justifies regional restrictions on crypto mining services
• ▪Binance should disclose the specific reasons for closing Binance Pool
• ▪Binance's 28-day notice gives miners sufficient time to migrate hardware
• ▪Terminating active cloud mining products does unacceptable harm to retail investors