On October 13, exchange Binance announced that it will cease operations for Binance Pool and all related products starting at 07:00 UTC on November 10, 2026. The shutdown applies to Binance Pool, Cloud Mining, Pool Savings, the Transaction Accelerator tool, as well as hashrate alert notifications via Telegram, email, and connected API interfaces.
The announcement was made as part of a routine review of the exchange’s product lines, marking Binance’s formal departure from the Bitcoin mining services sector after more than six years of operation.
Disconnection timeline and miner asset settlement deadline
According to the announcement from Binance, all mining connections will begin disconnecting at 07:00 UTC on November 10, 2026. Stratum URL addresses and mining rig connection endpoints will be completely disabled. After this cutoff, any mining shares or hashrate submitted to the system will no longer be credited, processed, or rewarded.
Binance advised miners to proactively reconfigure their hardware to other mining pools before the disconnection deadline to avoid lost mining output. For users enrolled in the Pool Savings feature, the exchange requires unsubscribing and withdrawing assets before the service terminates.
Eligible rewards, available balances, and refunds will be processed by Binance after the service shutdown, subject to account standing and compliance review procedures. Users must complete necessary identity verification steps before 23:59 UTC on November 10, 2026, to ensure timely payout. The Binance Pool web interface will remain accessible for 14 days, until 07:00 UTC on November 24, 2026, allowing users to review their history and reports before the system shuts down permanently.
The decline of exchange-affiliated mining pools
Launched in April 2020, Binance Pool initially enjoyed rapid growth by leveraging the exchange’s massive existing user base. According to a report by Hashrate Index, by the end of 2025, Binance Pool ranked ninth among the world’s largest Bitcoin mining pools, with a capacity of approximately 26 exahashes per second (EH/s), representing about 2.3% of the total Bitcoin network hashrate.
However, Hashrate Index noted that Binance Pool was the last major survivor from the era when cryptocurrency exchanges aggressively branched out into mining. The pool’s standing relied heavily on Binance’s spot trading ecosystem and convenient custody infrastructure, rather than the development of proprietary mining technology. As the mining industry pivoted decisively toward an industrial model featuring specialized equipment and increasingly demanding technical standards, exchange-affiliated pools steadily lost their competitive edge to dedicated mining infrastructure operators.
Streamlining legacy portfolios to focus on traditional assets
The decision to shutter the mining division comes amid ongoing restructuring at Binance to phase out underperforming business segments. Previously, the exchange wound down its centralized NFT marketplace on July 3, 2026, migrating users to the self-custodial Binance Wallet.
Rather than continuing to support auxiliary product lines tied to previous market cycles, Binance is shifting its focus toward bridging cryptocurrency with traditional financial markets. Starting June 1, 2026, the exchange opened trading in more than 7,000 U.S. stocks and ETFs to non-U.S. international clients with zero commission and fractional trading starting at $5. The exchange is also preparing to roll out bStocks to facilitate the issuance of tokenized equity versions directly on the BNB network.
This shift demonstrates how major exchanges are actively trimming their involvement in specialized verticals like Bitcoin mining to focus on financial services that offer higher margins and reduced vulnerability to crypto market cycles.