NewsCryptoBinance to Shut Down Mining Pool Services on November 10 as BNB Battles $750 Resistance

Binance to Shut Down Mining Pool Services on November 10 as BNB Battles $750 Resistance

Author: The Market Periodical·

Key Takeaways

  • •Binance Pool will cease operations at 07:00 UTC on November 10, 2026, along with Pool Savings, cloud mining, the Transaction Accelerator, and associated services such as mining APIs and Stratum endpoints.
  • •Hashrate submitted after the cutoff will not be credited, and Binance has instructed miners to move equipment to other pools and complete identity verification by November 10 at 23:59 UTC.
  • •BNB Chain's tokenized equity capitalization approached $1.2 billion after gaining approximately $63.6 million over seven days, outpacing other tracked networks including Ethereum and X Layer.
  • •BNB traded at $744.57 on October 13, remaining below the $750.72 resistance level after recovering from an intraday low near $722.
  • •The mining pool wind-down aligns with Binance's expansion into traditional finance, including planned access to over 7,000 U.S. stocks and ETFs for eligible non-U.S. users through its bStocks initiative.
Binance to Shut Down Mining Pool Services on November 10 as BNB Battles $750 Resistance

Binance will discontinue its mining pool services on November 10, 2026, ending Binance Pool and a series of related products, according to an official announcement from the exchange. The news broke as BNB traded near $745 on October 13, holding below a key resistance level after recovering from an intraday low close to $722.

At around $745, BNB sits roughly 40% above its June low of $537, yet remains about 21% below January's peak of $959. In a separate development, data pointed to accelerating tokenized-stock activity on BNB Chain, where the capitalization of tokenized equities has approached $1.2 billion.

Binance Confirms November 10 Shutdown for Binance Pool

Per the official announcement, Binance Pool will cease operations at 07:00 UTC on November 10, 2026. The decision also covers Pool Savings, cloud mining, the Transaction Accelerator, and other services connected to the mining platform. Hashrate alerts, email notifications, mining APIs, and Stratum endpoints will stop operating at the deadline.

Binance said it will disconnect mining connections at the scheduled time. After the cutoff, the exchange will neither accept nor credit mining shares or hashrate submissions, and related products will stop generating new rewards and yields. The company did not identify a specific business reason for ending the services beyond an ongoing review of its products.

Launched in 2020, Binance Pool let individual miners combine their computing power with other participants, with earnings distributed according to contributed work. That pooled model has been the standard route for smaller miners to receive regular payouts rather than waiting on solo block rewards, which is why the shutdown requires affected users to find a new pool before the deadline.

Binance Outlines Next Steps for Mining Customers

The exchange asked miners to redirect their equipment to other mining pools before November 10. Customers holding Pool Savings positions should redeem their balances or unsubscribe ahead of the closure. Binance also instructed users to keep their accounts ready for any remaining payments and settlements.

Because shares submitted after the cutoff will not be credited, hashrate left connected to Binance past the deadline would effectively go unrewarded. Eligible unpaid rewards, refunds, and balances will be processed after the shutdown, subject to product terms and compliance requirements. Binance requested that users complete any necessary identity verification by November 10 at 23:59 UTC. Historical account information and payout records will remain available for review until November 24 at 07:00 UTC.

BNB Chain Tokenized Stock Market Extends Growth

Separate market data showed continued momentum across BNB Chain's tokenized stock market. BSC Daily reported that the network's tokenized equity capitalization approached $1.2 billion, while figures from Token Terminal dated October 12 placed the network's tokenized stock capitalization near the same level after an increase of approximately $63.6 million over the previous seven days.

That weekly gain placed BNB Chain ahead of other tracked networks, including X Layer and Ethereum. Across all supported networks, tokenized stocks and exchange-traded funds approached $3.9 billion in combined value. These products represent conventional securities through blockchain-based tokens, although their structures and rights can vary. Even at that combined size, the tokenized-equity category remains a small fraction of traditional public equity markets.

BNB Price Levels: $750 Resistance Remains in Focus

BNB traded at $744.57 on October 13, following an earlier retreat from the $800 area. The coin dropped to near $722 before recovering toward $750, but the rebound subsequently stalled, leaving BNB below the nearby $750.72 resistance marker.

An hourly close above $750.72 could open a retest of the $780 area. Continued buying above that region would place $800 back on the chart, although the earlier rejection near $780 shows traders have already encountered selling pressure there.

On the downside, $736.56 marks the nearest support reference on the chart. A break below that level could send BNB toward $722.40, where buyers previously appeared after the sharp decline. A loss of $722 would weaken the rebound and expose lower price levels. Levels such as these mark zones where buying or selling previously appeared on the chart, framing the current range rather than ensuring any particular outcome.

The mining pool wind-down comes as Binance broadens its footprint in traditional financial markets. The exchange previously announced plans to offer eligible non-U.S. users access to more than 7,000 U.S. stocks and ETFs, and introduced bStocks, a tokenized equity initiative linked to BNB Chain. The planned offerings include fractional stock purchases, zero-commission trading, and payments using supported stablecoins and cryptocurrencies.

This article is for informational purposes only and does not constitute financial or investment advice.

Source:The Market Periodical](https://themarketperiodical.com/2026/10/14/bnb-price-prediction-2/)