Binance to shut down mining pool, cloud mining and related services

Binance will shut down its mining pool and several related products on Nov. 10 at 7 a.m. UTC, the exchange said Tuesday, as it continues a review of its service lineup. The closure covers Binance Pool, Pool Savings, Cloud Mining, and Transaction Accelerator, according to a notice.

Alongside the core mining services, Binance will disable Telegram hashrate alerts, email notifications, and mining pool API services, as well as Stratum URLs and endpoints. Hashrate submissions and mining shares sent after the deadline will not be accepted, processed, or credited, the exchange said. Product entry points will also close, and no new rewards, yield, or service benefits will accrue.

Binance told users to point their mining equipment to another pool before the cutoff and to redeem or unsubscribe from active Pool Savings positions. Eligible outstanding rewards, refunds, and settlements will be handled under the relevant product terms, subject to account status, compliance checks, and other requirements. The company said Binance Pool pages will stay accessible for 14 days, until 2026-11-24 07:00 UTC, for viewing historical data, account records, and payout status where available. After that, they will be permanently inaccessible.

The move away from legacy mining comes as Binance pushes into products beyond its native crypto exchange business, including traditional-finance-linked derivatives. Last month, it announced plans to offer physically settled options on more than 1,000 U.S.-listed stocks and exchange-traded funds through Nest Trading, its Abu Dhabi Global Market-regulated broker-dealer. Binance said trading volume for its traditional-finance perpetual futures reached $433.4 billion in August, up from $29.5 billion in January.

Binance also rolled out its AI-powered trading interface to global English-language users on Monday. The launch followed a beta test involving about 150,000 users.