Binance announces shutdown of its mining-pool services
Binance scheduled its pool, cloud-mining and related services to close on November 10, announcing an exit from a distinct part of Bitcoin infrastructure.
Binance announced on October 13, 2026, that it would discontinue its mining-pool services, cloud mining and associated offerings on November 10 at 07:00 UTC. The announcement concerned a scheduled withdrawal from the business, not a shutdown completed on the announcement date.
A mining pool coordinates participating miners and distributes rewards according to its arrangements. Its operator can leave the market while the underlying machines continue mining through other pools. Binance's exit therefore represented a change in the organization of mining services, rather than evidence that an equivalent amount of computing power would necessarily disappear from Bitcoin.
The decision also separated the exchange's broader market role from one particular infrastructure service. Binance could remain important to Bitcoin trading and custody while ending an offering for miners.
The October notice gave customers a specific timetable for that transition. Actual discontinuation in November would be a later execution stage requiring its own confirmation. The historical event in October was the public commitment to close an established service, with operational consequences for miners and customers relying on it.