Binance Pulls Plug on Bitcoin Mining Pool After Six Years

Binance is pulling the plug on its Bitcoin mining pool and related services. In an announcement, the exchange said Binance Pool, Pool Savings, Cloud Mining and Transaction Accelerator will all stop at 07:00 UTC on Nov. 10, 2026. A mining pool combines the computing power of many miners and splits block rewards. Cloud Mining let users buy hashrate without owning hardware, and Transaction Accelerator helped push slow Bitcoin transactions through.

What has to happen before the cutoff

Miners have to point their machines to another pool before the deadline. Binance will begin disconnecting mining connections and turn off its Stratum URLs, the server addresses miners use to connect. Any mining shares submitted after the cutoff won't be counted. Pool Savings users need to unsubscribe or redeem their positions before the service ends. Binance says eligible outstanding rewards, balances and refunds will be processed afterward, subject to product rules, account status and compliance checks. Anyone expecting a final payout has until 23:59 UTC on Nov. 10 to finish identity verification.

The bigger picture

Binance Pool launched in April 2020 and ranked ninth among Bitcoin pools at the end of 2025, with about 26 exahashes per second, or 2.3% of the Bitcoin network, according to Hashrate Index. One exahash per second equals a quintillion guesses per second at the puzzle that earns a block. The same report called it the last pool still standing from the era when exchanges rushed into mining. Binance has also been expanding into traditional finance, including U.S. stocks and ETFs for customers outside the U.S.

The takeaway: Binance is retreating from mining infrastructure while it pushes deeper into equities and tokenized assets. Miners need a new home fast.