Binance to Shut Down Binance Pool at 07:00 UTC on November 10

Binance Sets a November 10 Cutoff

Binance will shut down Binance Pool and every related service at 07:00 UTC on November 10, 2026, ending the exchange's Bitcoin mining operations on the platform. The company posted the decision in an official announcement on X on Tuesday, October 13, and the deadline comes without a grace period: after 07:00 UTC on that date, the system will not accept, process, or credit hashrate submissions or mining shares that arrive late. The closure reaches beyond the pool itself. Pool Savings, Cloud Mining and the Transaction Accelerator all fall under the notice, along with Stratum connections, mining-pool APIs, and the email and Telegram alerts that track share activity. Stratum, the protocol layer that connects a miner's machines to the pool, closes at the same time. Crypto mining pools aggregate hashrate from many participants and split rewards in proportion to the work each one contributes; Binance ran that model at exchange scale, and once the service shuts, shares sent from connected machines stop counting anywhere on the platform. Anyone running ASIC mining hardware there has to redirect those machines to another pool before the cutoff. Users are also instructed to close Pool Savings accounts before services end. Eligible outstanding rewards or refunds will be handled under the applicable product terms, subject to compliance checks. The notice sets no automatic payout timetable and does not describe the mechanics of final settlements, so the guidance is to check the relevant product terms rather than assume a standard payout path. One record stays open past the shutdown: transaction history remains accessible until 07:00 UTC on November 24, 2026, two weeks after the pool goes dark.

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A Six-Year Mining Presence Ends

Binance Pool opened in April 2020 and promoted the Full Pay-Per-Share model, a payout scheme that credits a miner for every valid share submitted whether or not the pool finds a block. That design smoothed day-to-day income for individual miners and underpinned a six-year presence in Bitcoin mining. The closure notice offers no financial rationale; it presents the shutdown as part of an ongoing review of products and services and leaves the economics unstated. The decision lands while the exchange builds in other directions. Binance released a free AI market assistant on October 12 after a beta involving roughly 150,000 users; the tool provides market guidance rather than autonomous trading. The company has also expanded into US equities through its Abu Dhabi entity, Nest Trading, and announced plans for physically settled options on more than 1,000 US stocks and ETFs. Perpetual futures tied to traditional assets moved the same way, with volume rising from $29.5 billion in January to $433.4 billion in August. That shift gives context for the changing product mix, though the notice does not claim it caused the mining exit. BNB, the token tied to the exchange and its smart chain, traded near $740.27 on October 14 with a market cap of roughly $98.57 billion, still well below the all-time high of $1,369.99. Daily volume stood near $555.82 million, and the token is down 4.4% over the past seven days. Near-term support sits in the $736–$718 region, with resistance around $746 and $775, and traders watching for a recovery are also tracking BTC technical analysis for the broader market's direction.

Our reading of the notice: the operative deadline is 07:00 UTC on November 10, and the rest of the announcement is cleanup around it. A miner who misses the cutoff keeps access to records until November 24, 2026, but shares sent after the deadline carry no value on the platform. Binance states a product review as the reason and discloses none of the economics behind it; the concurrent build-out in AI tools, US equities and traditional-asset futures gives context for a shrinking product set without confirming a motive. Once the change takes effect, mining leaves the service list entirely, and the company's remaining obligations are reward settlements under the product terms and the record window that closes on November 24.