Binance Declares Shutdown of Mining Pool Services.

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by Rajesh Kumar

an hour ago

Made with AI

In a significant shift for the cryptocurrency mining landscape, Binance has announced the closure of its mining pool and associated services, effective November 10, 2026. According to the official information, this decision marks a pivotal moment for miners utilizing the platform, as they will need to take immediate action to ensure continuity in their operations.

Discontinuation of Mining Pool Services

The exchange has specified that the discontinuation will take place at 07:00 UTC, urging miners to redirect their machines before the deadline to prevent any disruption in their mining activities. The closure encompasses not only the basic block reward service but also additional offerings such as:

  • Pool Savings
  • Cloud Mining

which have been integral to many users' strategies.

Advice for Users

Binance has advised users to manage their active savings positions proactively and to ensure their accounts are set up to receive any outstanding rewards or refunds. This move is part of Binance's broader product review strategy, aimed at refining its service offerings.

Impact on Trading Operations

Importantly, the closure of the mining pool will not impact Binance's Bitcoin exchange or spot trading operations, allowing users to continue trading without interruption.

On October 13, 2026, Binance announced the upcoming closure of its mining pool services, effective November 10, 2026. This decision aligns with the company's ongoing evaluation of its offerings, as detailed in the news article read more.

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