Binance will discontinue Binance Pool and all related mining services at 07:00 UTC on Nov. 10, the exchange said in an announcement published Tuesday. The closure covers Pool Savings, Cloud Mining, the Transaction Accelerator, Telegram hashrate alerts, email notifications and the pool's API.

"As part of our ongoing review of products and services, Binance will discontinue Binance Pool and related services," Binance wrote. The company did not say what prompted the review or what criteria it applied. Hashrate submissions and mining shares arriving after the cutoff "will no longer be accepted, processed, or credited."

The exit ends a six-year run. Binance Pool launched in April 2020 and ranked ninth among Bitcoin pools at the end of 2025, controlling roughly 26 exahashes per second, or 2.3% of the network, according to Hashrate Index. One exahash equals a quintillion puzzle guesses per second — Binance's share represents about 26 with eighteen zeros behind it, every second.

What closes, and when?

At 07:00 UTC on Nov. 10, Binance will begin disconnecting mining connections and will disable its Stratum URLs, the server addresses miners use to join the pool. Shares submitted before that moment count toward final rewards. Shares submitted after it disappear.

Miners must redirect their hardware to another pool before the cutoff. Pool Savings users must unsubscribe or redeem their positions before the service ends. Binance says the pool operates normally until then — a promise users have heard before from other wind-downs, and one worth testing against the calendar rather than the press release.

Binance said it will process eligible outstanding rewards, balances and refunds afterward, subject to product rules, account status and compliance checks. That clause leaves the exchange considerable discretion; affected users may want documents in order early. Anyone expecting a final payout has until 23:59 UTC on Nov. 10 to complete identity verification. Pool pages stay viewable until 07:00 UTC on Nov. 24, after which they become permanently inaccessible.

Why is Binance leaving mining?

The announcement offers no strategic rationale beyond the product review. The pattern, however, is legible. Binance closed its centralized NFT marketplace on July 3, directing users to move tokens to Binance Wallet, its self-custody product. Then-CEO Changpeng Zhao described this in 2023 as a "smooth sunsetting of old products."

Hashrate Index called Binance Pool the last survivor of the era when exchanges rushed into mining, with its relevance tied to Binance's exchange and custody business rather than to mining technology. In plain terms: the pool was a marketing limb, not a core organ, and limbs get trimmed first.

The closure also tracks Binance's push into traditional finance. On June 1, the exchange 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, according to co-CEO Richard Teng. Binance has previewed bStocks, a feature that would let users mint tokenized versions of purchased shares on the BNB blockchain.

Quantmap co-founder Ivan Patriki told Decrypt at the time that large exchanges are moving into equities because they no longer want to depend on crypto market cycles. Vytautas Mackonis, COO of RWA protocol ALCUM, told Decrypt the structure is more complex than it appears: Binance serves as the interface, Nest Trading as the broker-dealer and Alpaca Securities as the custodian.

That complexity is a caveat in itself. Tokenized equities sit across multiple regulatory regimes, and Binance has not published a launch date for bStocks or named the jurisdictions where it will be available. The mining exit frees operational capacity; it does not guarantee the replacement business lands cleanly.

What should miners do now?

The practical checklist is short and unforgiving:

• Redirect mining hardware to another pool before 07:00 UTC on Nov. 10.
• Redeem or unsubscribe Pool Savings positions before the service ends.
• Complete identity verification by 23:59 UTC on Nov. 10 for final payouts.
• Export any pool data or API records before pages vanish on Nov. 24.

The departure removes roughly 2.3% of network hashrate from one operator's control, a redistribution other pools will absorb within days. The harder question is what Binance cuts next; its product reviews have produced two closures in four months, and the Nov. 24 page blackout gives affected users exactly two weeks after shutdown to retrieve their records.