Binance to Shut Down Mining Pool Services in November
The exchange will terminate all mining and pool savings operations on November 10, 2026.
Updated on Oct. 23, 2026 in Data Centers
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Binance is set to cease its mining pool services, including Cloud Mining and Transaction Accelerator features, on November 10, 2026. This move comes as the company continues an ongoing review of its global product offerings.
Why it matters
The closure reflects a broader consolidation within the cryptocurrency mining industry, following recent bankruptcies and exits from other major market participants. The withdrawal of this pool necessitates that users redirect their hashrate to ensure continued mining operations.
Binance Pool successfully mined 22,188 Bitcoin blocks during its tenure, collecting 137,059 BTC in rewards. As of October 15, the platform maintained a hashrate of 8.7 exahashes per second.
The players
Binance
Binance is one of the world largest cryptocurrency exchanges and provides a comprehensive suite of digital asset trading and mining services.
Foundry USA
Foundry USA is a major institutional Bitcoin mining pool that currently holds a significant percentage of the network hashrate.
AntPool
AntPool is a global Bitcoin mining pool operated by Bitmain that frequently ranks among the largest contributors to network security.
F2Pool
F2Pool is a long-standing cryptocurrency mining pool that provides mining support for Bitcoin and various other digital assets.
The details
Miners must disconnect their hardware and update their configurations to alternate pools prior to the disabling of Stratum endpoints. Users are also required to redeem or unsubscribe from all active Pool Savings positions before the cutoff date.
Timeline
Binance Pool launched its operations in April 2020.
Poolin filed for Chapter 11 bankruptcy protection on July 22, 2026.
The SBI Crypto mining pool ceased its operations on July 31, 2026.
Mining services will officially terminate at 07:00 UTC on November 10, 2026.
The Binance Pool webpage will shut down permanently on November 24, 2026.
The Tech Race
This exit continues a trend of market consolidation following the July 2026 bankruptcy filing of Poolin. As major players like Binance withdraw, the hashrate is increasingly concentrating among top-tier operators like Foundry USA and AntPool.
Users currently leveraging Binance Pool must migrate their hardware to new mining pools before the November 10 deadline to avoid downtime. Additionally, subscribers to Pool Savings must exit their positions or risk losing access to their records after the platform goes offline.
The takeaway
Miners should prioritize the migration of their operations to established pools to prevent interruptions to their revenue flow. Ensuring all historical records are downloaded before the final deadline is essential for tax and accounting compliance.
Further reading
For more information on the infrastructure supporting digital assets, visit our Data Centers section.
Source note: This article includes information reported by FinanceFeeds.
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