Binance will shut down its Bitcoin mining pool and a set of related services on Nov. 10, the exchange said in an announcement published Tuesday.

The closure covers Binance Pool, Pool Savings, Cloud Mining and the Transaction Accelerator. Telegram hashrate alerts, email notifications and the pool's API will also end.

"As part of our ongoing review of products and services, Binance will discontinue Binance Pool and related services on 2026-11-10," the company wrote.

A Former Top-Ten Bitcoin Pool

Binance Pool launched in April 2020. A mining pool combines the computing power of many miners and splits block rewards among them according to the work each contributes. Binance's offering also included Cloud Mining, which let users buy hashrate — a slice of mining power — without owning any hardware, and a Transaction Accelerator that helped push through Bitcoin transactions that were slow to confirm because of low fees or a congested network.

At the end of 2025, Binance Pool ranked ninth among Bitcoin pools, holding about 26 exahashes per second, or roughly 2.3% of the network, according to Hashrate Index. The same report described Binance Pool as the last pool still standing from a period when exchanges rushed into mining, noting that its value was tied to Binance's exchange and custody business rather than to mining technology. With the shutdown, the roughly 26 exahashes per second its users contributed will need to be redirected to other pools, closing out the exchange-mining era the report described.

Binance Shifts Toward Stocks

The shutdown comes as Binance expands into traditional finance. On June 1, the exchange opened access to more than 7,000 US stocks and ETFs for customers outside the United States. Co-CEO Richard Teng said the trades carry zero commission, and users can buy fractional shares starting at $5. Binance has also previewed bStocks, an upcoming feature that will let users mint tokenized versions of their shares on the BNB blockchain.

Industry commentators tied the move to a broader strategic realignment. Ivan Patriki, co-founder of Quantmap, told Decrypt at the time that large exchanges are moving into stocks because they no longer want to depend on crypto market cycles. Vytautas Mackonis, chief operating officer of the real-world-asset protocol ALCUM, said the setup is more complex than it appears: Binance acts as the interface, Nest Trading serves as the broker-dealer, and Alpaca Securities acts as the custodian.

The mining pool closure follows the July 3 shutdown of Binance's centralized NFT service, for which users were instructed to move their tokens to Binance Wallet, the company's self-custody wallet. Both closures fall under the same "ongoing review of products and services" that Binance cited, and land as the exchange builds out its tokenized-equity offering.

What Miners Need to Do

At 07:00 UTC on Nov. 10, Binance Pool will begin disconnecting miners and will disable its Stratum URLs, the server addresses miners use to connect to the pool. Shares submitted after that time will not be credited, while shares submitted earlier will count toward final rewards.

Miners must point their hardware to another pool before the cutoff. Pool Savings users need to unsubscribe from or redeem their positions before the service ends. Binance said the pool will continue operating normally until then.

Eligible rewards, balances and refunds will be processed after the shutdown, subject to product rules, account status and compliance checks. Anyone expecting a final payout has until 23:59 UTC on Nov. 10 to complete any required identity verification.

Binance Pool pages will remain viewable until 07:00 UTC on Nov. 24, after which they will become permanently inaccessible.