Binance has announced that it will permanently shut down Binance Pool and its related cryptocurrency mining services on November 10, 2026, at 07:00 UTC, ending support for mining connections, reward generation, and several associated products.
- Binance will cease its mining pool and related services at 07:00 on November 10th, UTC.
- Miners must switch to another mining pool before Binance disables connections and stops accepting computing power.
- Pool Savings, Cloud Mining, Transaction Accelerator as well as the related API will be closed according to the announced schedule.
- Unpaid mining rewards and refunds that meet the criteria will be handled in accordance with the applicable Binance rules after closure.
- Binance will retain historical mining records until November 24th, after which the relevant pages will be permanently closed.
In its announcement on October 13th, Binance confirmed this decision, stating that the reason for closure was the company's ongoing review of its products and services. The services affected include Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, mining API, as well as automatic computing power notifications. The company has requested users to migrate their mining equipment to other pools before the deadline in order to avoid disruptions.
Binance Pool The mining reward cessation will end on November 10th.
Starting from 07:00 on November 10th, UTC, Binance will disconnect the mining equipment from its pool and disable the Stratum address and mining endpoints used for submitting computing power. The exchange stated that any mining shares or computing power submitted after the deadline will no longer be accepted, processed, or credited towards mining rewards.
This closure will affect services related to Binance Pool, including Pool Savings accounts, Cloud Mining products, and Transaction Accelerator. Telegram computing power alerts, email notifications, as well as access to the mining pool API will also be discontinued simultaneously. It is important to note that affected products will no longer generate new rewards, earnings, or service benefits after the closure.
Before the deadline, it is expected that the mining pool will continue to operate under normal conditions. Binance confirms that mining shares submitted before 07:00 on November 10th, UTC, that meet the requirements, will still be included in the final reward calculation, but it is necessary to comply with the platform's existing mining rules.
For miners who provide computing power through Binance Pool, the company has instructed users to disconnect their devices and update their mining configurations before the planned shutdown. Miners using Binance for existing Stratum addresses will need to connect to other mining pools after the service ends in order to continue submitting work.
The announcement did not specify an alternative mining pool provider, nor did it disclose the current computing power scale connected to Binance Pool. Binance also did not provide any further explanation for closing its mining operations beyond the usual product and service review process. The company did not announce the cessation of its main cryptocurrency exchange business.
Binance Sets deadlines for miners' fund migration and account settlement
As the closure approaches, Binance has requested that customers holding active Pool Savings positions check their accounts and complete any necessary redemptions or cancellations by November 10th. Users holding unsettled mining rewards, refunds, or other balances are advised to ensure that their Binance accounts are capable of receiving the remaining payments.
According to official notifications, eligible outstanding rewards and refunds will continue to be processed after 07:00 on November 10th UTC. The exchange stated that eligibility for payment will depend on the terms of the relevant products, account status, risk control, compliance reviews, and applicable laws. The announcement does not guarantee that all outstanding balances will be paid immediately.
Account verification is also part of the withdrawal and settlement process. Binance has requested that users who need to complete identity verification or other account requirements complete the necessary steps by UTC on November 10th at 23:59. The exchange stated that meeting this deadline will help in processing eligible payments in a timely manner.
The company also encourages customers to save their mining records, transaction reports, and related account history before the historical pages on the platform become unavailable. The Binance link will be removed from the homepage on November 10th, but customers will still be able to access some of the historical information for the time being.
The remaining Binance Pool pages will remain open for another 14 days, until 07:00 on November 24th UTC. During this period, users can view historical mining data, account records, and the status of available payments. After the deadline, Binance plans to permanently close these pages, ending access to relevant information through the existing interface.
Binance Pool closure signifies the end of a service that began in 2020.
Binance launched its cryptocurrency mining pool in April 2020, initially providing Bitcoin mining services to customers who provided computing power for the network. The platform links mining rewards with other Binance products such as spot trading, futures, and financial services offered by exchanges.
Upon launch, the company offered promotional mining rates designed to attract users to utilize the service. Initially, the business focused mainly on Bitcoin, but subsequent products expanded the range of mining-related tools available to customers.
In October 2022, Binance Pool launched a $500 million lending program aimed at Bitcoin miners and digital asset infrastructure companies. The program was designed to provide financing for eligible mining enterprises, including institutions that operate large-scale mines. The closure announcement in October 2026 did not specify the status of loans issued under this program prior to that time.
In the following years, the exchange continued to develop mining services. In August 2023, it launched the Bitcoin Ordinals inscription service, which allowed eligible customers to attach information to individual satoshi through the Bitcoin network.
In November 2024, Binance Pool began to support Fractal Bitcoin merged mining, allowing participating Bitcoin miners to earn Fractal Bitcoin rewards through compatible mining activities. This feature requires users to provide an external wallet for the additional rewards. Binance indicates that this mining support does not constitute a commitment to launch the FB token.
More recently, the service continued to operate through product-level adjustments. In September 2026, Binance announced that its mining pool would cease support for USDP according to another stablecoin delisting schedule. The exchange set September 16th as the deadline for supporting USDP related to Pool, and designated September 17th as the final date for profit settlement corresponding to this change.
Bitcoin mining pools continue to adopt new technologies
The closure of Binance Pool occurred in a year when several major Bitcoin mining pool operators were updating the connection technology between miners and mining pools. In May 2026, Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND joined the Stratum V2 working group.
This initiative brought together 7 pool operators, which collectively accounted for approximately 75% of the Bitcoin network's computing power at the time of the announcement. The working group supports improvements to the communication methods between pools and participating miners, as well as the creation of block templates.
Stratum V2 The mining initiative allows individual miners to have more control over transaction selection and block construction through compatible software. Participants support reducing the dependence of pool operators on certain decisions when assembling Bitcoin blocks.
Binance did not attribute the closure of its mining pool to Stratum V2, changes in network conditions, or competition from other mining operations. The product review that it notified on October 13th and would continue was listed as the reason for stopping this service, but it did not provide the financial results of Binance Pool.
For customers who need assistance in handling their remaining balances, the exchange has directed users to contact Binance Customer Support and Help Center. The company states that in case of any conflicts between the translated versions regarding account requirements, settlement, or closure deadlines, the original English announcement shall prevail.
