Binance announced it will shut down Binance Pool, Pool Savings, Cloud Mining, and the Transaction Accelerator on November 10 at 07:00 UTC. The exchange stated this move is part of an ongoing review of its products and services, marking an exit from mining infrastructure after six years of operation.
Miners are required to redirect their hardware to other pools before the cutoff, while users of Pool Savings must redeem their positions prior to the service termination. After the deadline, hashrate submissions and mining shares will no longer be accepted or credited, though eligible outstanding rewards will be processed subject to compliance checks.
Key facts
- Binance will discontinue Binance Pool, Pool Savings, Cloud Mining, and Transaction Accelerator at 07:00 UTC on Nov. 10.
- Mining connections will be disconnected and Stratum URLs disabled, meaning shares submitted after the cutoff will not be credited.
- Pool Savings users must unsubscribe or redeem their positions before the service ends.
- Binance Pool pages will remain viewable until 07:00 UTC on Nov. 24, after which they become permanently inaccessible.
- Users expecting final payouts have until 23:59 UTC on Nov. 10 to complete any required identity verification.
- The closure follows the shutdown of Binance’s centralized NFT service in July and its recent expansion into U.S. stocks and tokenized equities.
Why it matters
The shutdown requires miners to migrate their hashrate to different pools and forces Pool Savings participants to liquidate or redeem their positions to avoid losing access to their funds or rewards.