Key takeaways
- Binance discontinues Binance Pool, Pool Savings, Cloud Mining and Transaction Accelerator on November 10 at 07:00 UTC.
- Binance cites only an ongoing review of products and services and gives no specific reason for the closure.
- Binance Pool stops crediting hashrate and mining shares after the cutoff, so miners must repoint their equipment first.
Binance will discontinue Binance Pool and related services on November 10, 2026, at 07:00 UTC, the exchange said in a notice. The services to be discontinued are Binance Pool, Pool Savings, Cloud Mining and Transaction Accelerator, along with other Binance Pool features such as Telegram hashrate alerts, email notifications and mining pool API services.
Binance cited only its ongoing review of products and services and gave no specific reason for the closure of Binance Pool. The notice opened with that line:
"As part of our ongoing review of products and services, Binance will discontinue Binance Pool and related services on 2026-11-10."
What Miners Have to Do Before the Cutoff
Miners must repoint their equipment before the 07:00 UTC cutoff on November 10. Binance spelled out what happens after that cutoff:
"Hashrate submissions and mining shares submitted after this time will no longer be accepted, processed, or credited."
Eligible shares submitted before the cutoff are included in the final reward calculation. Binance said eligible outstanding rewards, balances, refunds and settlements will be processed after the cutoff, subject to product rules, account status, and risk and compliance checks.
Binance Pool pages will stay viewable until November 24, 2026, at 07:00 UTC. The Telegram hashrate alerts, email notifications and mining pool API services that miners used to monitor Binance Pool are discontinued along with the pool itself.
What the Notice Leaves Out
The Binance notice gives no reason beyond the review language, and it does not say whether regulation, profitability or strategy drove the closure decision. The notice also does not name a replacement pool, and it gives no hashrate, user or market share figures for Binance Pool.
That leaves miners with a cutoff, a list of services that end, and the review of products and services as the only stated reason for the closure of Binance Pool.
Why It Matters
Binance gave miners a cutoff and one phrase, an ongoing review of products and services, while outstanding rewards and balances wait on its risk and compliance checks, which shows what custodial mining means in practice. We think the incentive story is simple: a pool run by an exchange answers to the exchange, and miners who left earnings parked there now wait for permission to be paid. Miners must repoint their equipment before the cutoff anyway, and Bitcoin mining was never meant to need a gatekeeper that can close the pool with no specific reason. Settlement you can verify to your own keys beats a balance an intermediary promises to process later.
