Binance Closes Bitcoin Mining Pool and Services on November 10, 2026

Key takeaways
Binance will discontinue Binance Pool and related services at 07:00 Coordinated Universal Time on November 10, 2026, ending Bitcoin mining operations on the platform. The shutdown covers Pool Savings, Cloud Mining, Transaction Accelerator, related features, Stratum connections, mining-pool APIs, and email and Telegram alerts. Miners have been told to redirect equipment before that cutoff because the announcement says it will not accept, process, or credit later hashrate submissions and mining shares. The closure was announced on October 13, 2026, across Binance's social media, as part of an ongoing review of products and services; a full notice was linked in the announcement. The notice did not explain financial reasons.

What happened
The operational deadline is precise. Users must move to another pool and close Pool Savings accounts before services end. Eligible outstanding rewards or refunds will be handled under applicable product terms and compliance checks. Transaction history will remain accessible until 07:00 Coordinated Universal Time on November 24, 2026. Binance has not specified an automatic payout timetable or the precise mechanics for final settlements, so balances cannot be assumed to be paid out in a particular way without checking the relevant product terms.

Market context
Binance Pool began operating in April 2020 and promoted the Full Pay-Per-Share model for Bitcoin miners. Its shutdown ends a six-year mining presence, but the notice does not show that the exchange's broader product expansion drove the decision. That broader shift is visible elsewhere. Bloomberg reported that Binance is offering users outside the US access to options tied to more than 1,000 US stocks and ETFs through its Abu Dhabi entity, Nest Trading Limited. The exchange has also expanded into US equities through Nest Trading and announced plans for physically settled options on more than 1,000 U.S. stocks and ETFs. It released a free AI market assistant on October 12 after a beta involving roughly 150,000 users; the tool provides market guidance rather than autonomous trading. The Block reported that Binance's traditional-finance perpetual-futures volume rose from $29.5 billion in January to $433.4 billion in August. Reported data points also included traditional-asset perpetual volume jumping 15x to $445 billion in July.

BNB, the token closely linked to Binance and the BNB Smart Chain, was shown in one snapshot trading at $740, down a modest 0.5% over the past 24 hours, with daily trading volume sitting at $561 million. A later CoinGecko-based snapshot placed BNB at approximately $740.27 on October 14, up 0.5% over 24 hours but still down 4.4% over the past seven days. The token's market cap stood at around $98.57 billion, with daily trading volume reaching approximately $555.82 million. BNB remained well below its all-time high of $1,369.99, reflecting recent selling pressure. The market commentary framed BNB as sitting under $750 resistance, cited a $736-$718 region as a support zone, and listed $746 and $775 as resistance levels. It also noted that declining trading volume was a reason for caution until stronger buying pressure emerged, with Bitcoin being watched to signal the broader market's next move. Activity across BNB Chain and growing ecosystem adoption were described as factors that could support demand, while broader crypto sentiment remained part of the outlook.

Why it matters
For miners, the key issue is not only the closure date but the hard cutoff for hashrate submissions and mining shares. Equipment redirection and account closure must happen before November 10, 2026, because later submissions will not be accepted, processed, or credited. For users holding rewards or refunds, the absence of a published automatic payout timetable means the final settlement path remains governed by product terms and compliance checks rather than a clearly stated timetable. For the exchange, the shutdown removes a service that had been running since April 2020 while Binance continues to develop AI tools and traditional-asset trading. The source material does not connect those expansions directly to the pool closure, so the decision's rationale remains unresolved. The expansion provides context for Binance's changing product mix, but it does not explain why Binance shut down its mining pool.

What to watch
Watch whether Binance publishes more specific guidance on final settlements, payout mechanics, and how eligible rewards or refunds will be processed. The November 24, 2026 deadline for transaction history access is another operational checkpoint. For miners, the practical focus is migration to another pool before the cutoff. For BNB holders and market observers, the next signals are whether activity across BNB Chain expands, whether trading volume stabilizes, and whether broader crypto sentiment changes. The closure also raises a broader question: how much weight mining infrastructure carried in Binance's ecosystem strategy compared with its newer AI and traditional-asset products.