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Binance will permanently shut down Binance Pool and all related crypto mining services on November 10, 2026, at 07:00 UTC. The closure ends more than six years of operations, which began in April 2020.&nbsp;
It will affect the platform’s main mining services, including Stratum URLs and custom API services, as well as Cloud Mining, Pool Savings, and the Transaction Accelerator.
<blockquote class="twitter-tweet">
 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/MErqEVSg2j
 — Binance (@binance) <a href="https://x.com/binance/status/2109925459358367751?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 13, 2026</a>
</blockquote>
Binance <a style="color: #0000ff;" href="https://www.binance.com/en/support/announcement/detail/2b45800173fd44f48b4517f25f941434" rel="noopener noreferrer nofollow">said</a> the decision followed its regular review of products and services but did not provide a specific reason for the shutdown. Miners must redirect their mining equipment to other pools before the deadline to avoid losing rewards for unprocessed work.
Users with active Pool Savings positions have also been advised to redeem their assets to their spot wallets. Although mining connections will stop on November 10, users can still access historical data pages to download transaction histories and payout records until November 24, when the pages will be permanently deleted.
READ ALSO: <a style="color: #0000ff;" href="https://defi-planet.com/2024/11/binance-launches-merged-mining-for-bitcoin-and-fractal-bitcoin-rewards/" rel="noopener noreferrer nofollow">Binance Launches Merged Mining for Bitcoin and Fractal Bitcoin Rewards</a>
<h3 id="span-style-font-weight-400-regulatory-pressure-may-be-behind-the-decision-span">Regulatory pressure may be behind the decision</h3>
Binance described the shutdown as part of its routine product review, but the timing has raised questions about the role of growing regulatory pressure on crypto services. Running a <a style="color: #0000ff;" href="https://defi-planet.com/2022/08/the-complete-guide-to-crypto-mining-for-beginners/" rel="noopener noreferrer nofollow">mining pool</a> requires ongoing technical support and compliance checks, including those related to the origin of computing power.
X commenter @Kellan Mercer <a style="color: #0000ff;" href="https://x.com/KellanMerc/status/2109898256918446203" rel="noopener noreferrer nofollow">argued</a> that the pool mainly served as a way to bring miners into the Binance ecosystem rather than as a standalone source of profit. She also pointed to recent regulatory restrictions on Binance services in Brazil as a possible sign that compliance concerns, rather than a routine product review alone, may have influenced the decision.
<blockquote class="twitter-tweet">
 Binance Pool was a customer acquisition funnel dressed as infrastructure. Two percent of a thin margin, and the coins landed in Binance custody.
 Six years. The pool never made money on its own. It brought miners in, their rewards sat on the exchange, and Binance collected fees on everything else. That funnel broke the moment regulators started asking who holds the hashrate.
 Brazil restricted eight Binance services starting October 27. Pool and Cloud Mining were on the list. The product review on paper is a product review. The timing says something else.
 The hashrate moves to Foundry and AntPool. The miners keep mining. Binance keeps the exchange.
 — Kellan Mercer (@KellanMerc) <a href="https://x.com/KellanMerc/status/2109898256918446203?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 13, 2026</a>
</blockquote>
The shutdown also showed the risks of relying on mining services operated by centralized exchanges. As regulators demand more information about who controls mining power, exchanges may find it harder to justify the cost of maintaining services that contribute less to their core business.
Another X commenter @Puddle <a style="color: #0000ff;" href="https://x.com/0_0puddle/status/2109896988242391442" rel="noopener noreferrer nofollow">stressed</a> the need for miners to move their equipment to other pools before the deadline. His comments highlight how quickly a centralized platform can cut off access for retail miners who depend on its integrated services, including cloud mining. When compliance costs rise, services outside a company’s main business may be the first to go.
&nbsp;
<blockquote class="twitter-tweet">
 @Cointelegraph heads up if you use them: binance pool and cloud mining shut nov 10. worth sorting your setup before then <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2601.png" alt="☁" style="height: 1em; max-height: 1em;">
 — puddle <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2614.png" alt="☔" style="height: 1em; max-height: 1em;"> (@0_0puddle) <a href="https://x.com/0_0puddle/status/2109896988242391442?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 13, 2026</a>
</blockquote>
READ ALSO: <a style="color: #0000ff;" href="https://defi-planet.com/2026/01/bitcoin-mining-now-runs-on-over-56-sustainable-energy-esg-expert-says/" rel="noopener noreferrer nofollow">Bitcoin Mining Now Runs on Over 56% Sustainable Energy, ESG Expert Says</a>
<h3 id="span-style-font-weight-400-could-binance-exit-increase-mining-centralization-span">Could Binance exit increase mining centralization&nbsp;</h3>
Binance Pool’s exit will push its users to move their computing power to other mining pools. Some of that hashrate could move to major operators such as Foundry USA and AntPool, which already control a significant share of the global Bitcoin mining network.
When smaller pools or services operated by exchanges shut down, miners often move to larger providers with the resources to support them. This can concentrate more mining power among a smaller number of operators. On X, Paradigma <a style="color: #0000ff;" href="https://x.com/stas_paradigma/status/2109897665391509573" rel="noopener noreferrer nofollow">argued</a> that where the displaced hashrate ends up is more important than Binance’s decision to close the pool. They specifically questioned whether miners would move to Foundry USA or AntPool.
<blockquote class="twitter-tweet">
 @Cointelegraph Where does the displaced BTC hashrate land, Antpool or Foundry? That concentration chart matters more than the shutdown headline.
 — Paradigma<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2733.png" alt="✳" style="height: 1em; max-height: 1em;"> (@stas_paradigma) <a href="https://x.com/stas_paradigma/status/2109897665391509573?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 13, 2026</a>
</blockquote>
Profitability remains a challenge for miners moving to new pools. Cloud mining platform GoMining recently <a style="color: #0000ff;" href="https://defi-planet.com/2026/03/gomining-highlights-break-even-metrics-as-bitcoin-mining-profitability-tightens/" rel="noopener noreferrer nofollow">highlighted</a> the importance of cost efficiency through its Daily Reward Break-Even Lines model, which helps miners assess profitability under fixed reward conditions. As network conditions stabilize, miners must consider their operating costs and expected rewards when choosing where to direct their computing power.
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The post <a rel="noopener noreferrer nofollow" href="https://defi-planet.com/2026/10/binance-to-shut-down-crypto-mining-services-on-november-10/">Binance to Shut Down Crypto Mining Services on November 10</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://defi-planet.com">DeFi Planet</a>.

Binance to Shut Down Crypto Mining Services on November 10

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