Binance will permanently close Binance Pool and its related mining products on November 10, 2026. The exchange planned to expand the pool in 2026 as recently as December 2025. Binance’s recen
Binance will permanently shut down Binance Pool on November 10, 2026, at 07:00 UTC, ending a Bitcoin mining business it ran for more than six years. The October 13 announcement also covers cloud mining, Pool Savings and the Transaction Accelerator. It comes as the exchange fills its product calendar with U.S. stock options, a planned Stocks Account and AI trading tools, and less than a year after Binance laid out plans to grow the pool in 2026.
As part of our ongoing review of products and services, Binance will discontinue Binance Pool and related services on 2026-11-10 at 07:00 UTC.
This includes Pool Savings, Cloud Mining, Transaction Accelerator, and related features.
Read the full notice: https://t.co/RzJljPXr0tpic.twitter.com/VkuFciTU96
— Binance (@binance) October 13, 2026
Binance attributed the decision to an ongoing review of its products and gave no financial, regulatory or operational reason. Shares submitted after the cutoff will earn nothing, so miners have to point their machines at another pool before then.
The closure takes down cloud mining, which sold hashrate exposure to users without their own equipment, and Pool Savings, the yield products tied to mining output. The Transaction Accelerator, used to speed up stuck Bitcoin transactions, goes as well, along with the mining API, Stratum connection endpoints and hashrate alerts. Binance asked users to redeem open savings positions and confirm that their accounts can receive outstanding payouts.
Shutdown countdown Oct 13 Announcement Binance confirms the closure of Binance Pool and related products Nov 10 Cutoff, 07:00 UTC Mining connections, cloud mining, Pool Savings and the accelerator go offline Nov 24 Records removed Historical mining data and payout records are no longer accessible Source: BinanceBinance Pool launched on April 27, 2020, paying miners under the Full Pay-Per-Share (FPPS) model. Under FPPS, the pool pays a fixed amount for each unit of work a miner submits, including an estimate of transaction fees, and carries the risk of how often blocks are actually found. Its advantage was integration, since rewards landed in the same ecosystem where miners could trade them.
In 2025, Binance completed a platform-wide upgrade covering infrastructure, security and reward distribution. It shipped more than 20 updates and ran 10 Super Mine promotional campaigns that paid extra rewards to 590 miners. Its December 17, 2025 recap promised more infrastructure work and larger campaigns this year. That plan lasted about ten months.
On September 1, Binance began offering physically settled options on more than 1,000 U.S. stocks and ETFs through Nest Trading and Alpaca. Physically settled means the buyer receives the actual shares at expiry instead of cash. On September 23, the exchange said Funding Accounts will become Stocks Accounts by January 2027 to handle equity settlement, and on October 5 it presented Binance Intelligence, an AI suite that combines the free Binance AI assistant, the AI Pro strategy tool due in the second half of October, and Agent OS, a developer platform it opened in August. The Block puts August volume in Binance’s perpetual futures tied to traditional assets at about $433.4 billion.
None of this proves a direct trade-off. Volume is not revenue, and Binance has not said it is moving resources from mining into equities. The Financial Times reported in early October that EU regulators are questioning Binance’s reliance on the reverse-solicitation exemption, which lets a firm serve clients who approach it on their own, to operate without MiCA authorization. Binance says it complies with the rules, and no source connects that scrutiny to the pool closure.
Pools combine machines so that miners receive regular payouts instead of waiting years to find a block alone. The hashrate, computing power measured in exahashes per second (EH/s), belongs to the machine owners. Once Binance’s endpoints close, they enter another pool address and keep mining, so Bitcoin’s security does not hinge on this decision.
Share of tracked Bitcoin hashrate by pool Foundry USA21.1% AntPool16.9% F2Pool13.1% ViaBTC8.4% SpiderPool7.4% Binance Pool (closing)6.2% Source: MiningRadar. Historical snapshot of tracked hashrate, not live data as of October 13, 2026.In that MiningRadar snapshot, Binance Pool held 73.1 EH/s. The wider network kept growing around it: Binance’s own data shows total hashrate rising from 795 EH/s at the start of 2025 to about 1,031 EH/s in December, after a peak of 1,151 EH/s in October. More machines competing for the same block rewards squeeze margins, but that alone does not show the pool had become unprofitable, and Binance has not claimed it had.
Miners will choose a new home based on fees, payout model and minimum payout thresholds. For a hobby miner, the switch means changing one setting. Companies that built accounting or reporting on Binance’s API have more to rebuild, since their data feeds disappear along with the pool address.
If most of the 73 EH/s moves to Foundry USA or AntPool, the two largest pools would control close to 45% of tracked hashrate between them. A spread across ViaBTC, SpiderPool and smaller operators would barely change the ranking. Spot trading, deposits and withdrawals of BTC on Binance are unaffected.
The first evidence of where the hashrate went will appear in block data soon after November 10, because pools tag the blocks they mine. Bitcoin’s next difficulty adjustment, which recalibrates every 2,016 blocks or roughly two weeks, will show whether some miners stayed offline during the switch. Until November 24, miners can still export payout histories that many will need for their 2026 tax filings.
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