Binance will discontinue its cryptocurrency mining pool and a group of related services on November 10, giving users less than a month to redirect mining equipment and prepare for the shutdown. In a notice published October 13, the exchange said Binance Pool, Pool Savings, Cloud Mining and Transaction Accelerator will all stop at 07:00 UTC. Telegram hashrate alerts, email notifications, mining-pool APIs and other supporting features will also be withdrawn. The cutoff applies across the connected service stack, so a miner cannot preserve normal pool operation merely by changing one alert or account preference.

Mining connections will stop at the cutoff

At the scheduled time, Binance plans to begin disconnecting mining connections and disable its Stratum URLs and other mining endpoints. Hashrate submissions and mining shares arriving after the cutoff will not be accepted, processed or credited. The company said no new rewards, yield or other service benefits will accrue after that point. Until then, Binance expects the pool to operate normally, and eligible shares submitted before the deadline should be included in the final reward calculation under the applicable product rules.

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Users have several tasks before November 10

Binance advised miners to point their equipment to another pool before the closure to avoid an interruption in reward generation. Customers with active Pool Savings positions should unsubscribe or redeem them, while account holders should confirm they can receive any remaining rewards, refunds or settlements. Where identity verification is still required, Binance set a separate deadline of 23:59 UTC on November 10. Outstanding amounts will remain subject to product terms, account status, risk controls, compliance checks and applicable law rather than being automatically guaranteed.

Historical access also has an end date

Links to Binance Pool are due to disappear from the exchange's homepage on the closure date. The pool pages are expected to remain available for another 14 days, until 07:00 UTC on November 24, so users can review historical data, account records and payout status where available. Binance said the pages will then become permanently inaccessible. That makes downloading reports and transaction history a separate operational step from merely moving hashrate to another provider.

The decision covers a service line, not the exchange

The announcement is limited to mining-pool products and associated tools. It does not say that Binance's main spot, derivatives or custody businesses are closing. Independent reports from The Block and Unchained confirmed the scope and timing, describing the move as the end of a mining service Binance introduced in 2020. Binance attributed the decision to an ongoing review of its products and services but did not provide usage figures, revenue data or a more detailed commercial rationale.

What remains uncertain

The notice does not identify how much hashrate will need to migrate, which competing pools may receive it or how many customers hold active savings or cloud-mining positions. It also does not quantify expected final payouts. Miners choosing a replacement will need to verify that provider's supported assets, payout method, fees, minimum thresholds and connection settings rather than assuming the Binance configuration will transfer unchanged. For affected users, the verified change is practical and time-bound: mining activity must be redirected before 07:00 UTC on November 10, records should be preserved before November 24, and any remaining balances will be handled under Binance's eligibility and compliance procedures.

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