Miners Must Find New Pools Before Binance’s November Cutoff

Binance Pool and its associated mining operations are set to close at 07:00 UTC on November 10, 2026. Miners must redirect their hardware, while Pool Savings participants need to unsubscribe or complete redemptions ahead of the deadline. At the time of the announcement, BTC USD is trading at $82,343—down 1.00% for the day—moving between support at $80,660 and resistance at $87,145, indicating that the news has not triggered an immediate, distinct market response.

The decision to wind down Binance Pool arrives as the platform expands its financial offerings. Back on June 1, the exchange introduced access to over 7,000 U.S. stocks and ETFs for international customers alongside a preview of bStocks.

Although the timing is notable, Binance has not attributed its exit from Bitcoin mining to this broader equities expansion.

Binance to Discontinue Binance Pool and Related Services on November 10, 2026

Binance will discontinue Binance Pool and related services on November 10, 2026, at 07:00, including Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator, and Pool APIs. At that time,… pic.twitter.com/a0wLCtTHhb

— Wu Blockchain (@WuBlockchain) October 13, 2026

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What Do Binance Pool Miners Have to Do by November 10?

A mining pool aggregates the processing power of numerous participants, paying out block rewards proportional to the contribution of each operator. This setup allows independent miners to earn payouts more consistently than they would mining solo.

The upcoming shutdown encompasses Binance Pool, Pool Savings, Cloud Mining, and the Transaction Accelerator. Additionally, the exchange is terminating its Telegram hashrate alerts, email notifications, and the dedicated application programming interface (API). Cloud Mining allowed individuals to buy shares of hashrate without owning physical hardware, whereas the Transaction Accelerator assisted in prioritizing Bitcoin transactions stalled by low fees or network traffic.

Operations will officially cease at 07:00 UTC on November 10, when Binance cuts off mining connections and deactivates its Stratum server URLs. Any shares submitted past this cutoff will not be accepted, processed, or credited, though eligible shares sent prior will factor into final payouts.

Another blow to competition in bitcoin mining in 2026.

• SBI closed its pool
• Poolin filed for bankruptcy
• Now Binance Pool is closing

We’re sad to see another pool close. More competition is good for bitcoin.

If your fleet is looking for a new home, we’re happy to help. pic.twitter.com/HNKVFw7t6E

— Braiins (@Braiins) October 13, 2026

According to Binance, outstanding rewards, remaining balances, and eligible refunds will be handled subsequently, subject to standard product terms, account statuses, and compliance protocols. Operators requiring identity verification to secure their final distribution must complete the process by 23:59 UTC on November 10.

Account pages will remain accessible for viewing until 07:00 UTC on November 24, after which they will go offline entirely. This leaves miners searching the broader Bitcoin mining pool ecosystem to determine where to point their equipment next.

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Does Binance Pool’s Exit Matter for BTC USD?

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Launched in April 2020, Binance Pool held the ninth position among Bitcoin pools by the end of 2025. Data from Hashrate Index shows it commanded roughly 26 exahashes per second (EH/s), representing 2.3% of the network. Hashrate Index noted it was the final remaining pool originating from the era when major exchanges expanded into mining ventures.

This shutdown follows other sector contractions in 2026, including the closure of SBI’s pool and Poolin’s bankruptcy filing—developments highlighted by rival pool Braiins as they offered to onboard displaced operations. TAP Protocol cautioned that a shrinking number of alternatives could concentrate control if hashrate migrates toward the dominant remaining pools.

The exit coincides with Binance’s deeper push into traditional finance. Beyond the June 1 rollout of international stock and ETF access alongside bStocks tokenized shares on the BNB blockchain, the exchange also shuttered its centralized NFT marketplace on July 3.

Binance has not formally tied any of these operational shifts to the pool’s discontinuation, and a 2.3% network share does not pose a direct threat to Bitcoin’s security. For market observers tracking BTC USD, the primary question is whether additional exchange-operated infrastructure will follow suit.

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