Binance to close its Bitcoin mining pool and related services on Nov. 10
In brief
- Binance Pool and related services shut down on Nov. 10, according to a Binance announcement.
- Miners get disconnected at 07:00 UTC, and shares after that time won't be credited.
- Hashrate Index ranked Binance Pool ninth at end-2025, with about 2.3% of network hashrate.
- Binance Pool pages stay viewable until 07:00 UTC on Nov. 24, then go permanently offline.
What's closing, and when
The shutdown covers Binance Pool, Pool Savings, Cloud Mining and Transaction Accelerator, plus Telegram hashrate alerts, email notifications and the pool's API. Cloud Mining let users buy hashrate without owning hardware. Transaction Accelerator helped push through Bitcoin transactions that were slow to confirm because of low fees or network congestion.
At 07:00 UTC on Nov. 10, Binance Pool will start disconnecting miners and disable its Stratum URLs. Binance said the pool will keep operating normally until then. Shares (the proofs of work that determine each miner's payout) won't be credited after the cutoff, while those submitted earlier will count toward final rewards.
"Hashrate submissions and mining shares submitted after this time will no longer be accepted, processed, or credited."
What miners have to do
Miners need to point their hardware to another pool before the cutoff. Pool Savings users have to unsubscribe or redeem their positions before the service ends. Anyone expecting a final payout has until 23:59 UTC on Nov. 10 to finish any required identity verification, and Binance said eligible outstanding rewards, balances and refunds will be processed afterward (subject to its product rules, account status and compliance checks).
Pool pages will stay viewable until 07:00 UTC on Nov. 24, after which they become permanently inaccessible.
The last exchange pool standing
A mining pool combines the computing power of many miners and splits block rewards based on the work each one contributes. Hashrate Index put Binance Pool at about 26 exahashes per second at the end of 2025, or 2.3% of the network. The same report called it the last pool still standing from the era when exchanges rushed into mining, and said its relevance came from Binance's exchange and custody business rather than its mining technology.
It's not the only product Binance has wound down this year. The exchange closed its centralized NFT service on July 3 and told users to move their tokens to Binance Wallet. Then-CEO Changpeng Zhao used the phrase "smooth sunsetting of old products" back in 2023.
Binance has been adding products elsewhere, too. On June 1, according to co-CEO Richard Teng, it opened access to more than 7,000 US stocks and ETFs for customers outside the United States, with zero commission and fractional purchases from $5. Binance's announcement didn't link the pool closure to that push; it cited only its product review.
Frequently asked questions
What do Binance Pool miners need to do before Nov. 10?
Miners have to point their hardware to another pool before the 07:00 UTC cutoff on Nov. 10, when Binance Pool begins disconnecting miners. Shares submitted after that time won't be credited. Anyone expecting a final payout has until 23:59 UTC on Nov. 10 to complete any required identity verification.
Which Binance services are being discontinued?
Binance is closing Binance Pool, Pool Savings, Cloud Mining and Transaction Accelerator, along with Telegram hashrate alerts, email notifications and the pool's API. Binance said the decision came from an ongoing review of its products and services.
How big was Binance Pool?
Hashrate Index ranked Binance Pool ninth among Bitcoin pools at the end of 2025, with about 26 exahashes per second, or 2.3% of the network. It described the pool as the last one still standing from the era when exchanges rushed into mining.
