Binance Announces Closure of Mining Pool Services

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by Luis Flores

an hour ago

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In a significant move for the cryptocurrency mining community, Binance has announced the impending closure of its mining pool and associated services, effective November 10, 2026. According to the official information, this decision reflects the company's ongoing evaluation of its product offerings amidst a rapidly evolving market landscape.

Impact of Shutdown on Key Services

The shutdown will affect several key services, including:

  • Binance Pool
  • Pool Savings
  • Cloud Mining
  • Transaction Accelerator

Additionally, features such as:

  • Telegram hashrate alerts
  • Email notifications
  • Pools API

will also be discontinued. Binance has urged miners to transition to alternative mining pools before the deadline to avoid disruptions in their operations.

Assurance for Users

As part of this transition, Binance has assured users that any outstanding rewards will be processed in accordance with the company's established rules. This closure marks a significant shift in Binance's strategy, as the company continues to adapt to the changing dynamics of the cryptocurrency industry.

In a related development, Binance previously withdrew its application for a MiCA license amid regulatory challenges, prompting the exchange to advise EU users on fund management. For more details, see read more.

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