Binance will shut down Binance Pool and all related mining services at 07:00 UTC on November 10, 2026, leaving miners just under a month to redirect hardware to other pools. Pool Savings users must redeem or unsubscribe before the cutoff. The affected service is one of the ten largest Bitcoin mining pools by hashrate. BTC USD is trading at $82,343, down 1.00% on the day, between support at $80,660 and resistance at $87,145, and the news has not triggered a clear market reaction.

The closure comes as the exchange broadens its financial products: on June 1, it opened access to more than 7,000 U.S. stocks and ETFs for customers outside the United States and previewed bStocks. The juxtaposition is clear, but Binance has not said the equities expansion caused its Bitcoin mining exit.

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

News of the schedule was highlighted in a post by Wu Blockchain, a widely followed crypto industry news account, on X:

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

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

A mining pool combines the computing power of many miners and then distributes block rewards according to the work each miner contributes. It lets individual operators share in rewards more regularly than mining alone, with each payout reflecting their contribution.

Binance's closure covers Binance Pool, Pool Savings, Cloud Mining, and Transaction Accelerator. The company is also shutting down Telegram hashrate alerts, email notifications, and the pool's application programming interface (API). Cloud Mining let users buy a share of mining power, known as hashrate, without owning hardware, while the Transaction Accelerator helped push through Bitcoin transactions delayed by low fees or network congestion.

At 07:00 UTC on November 10, Binance will start disconnecting mining connections and disable its Stratum URLs — the server addresses that connect mining rigs to the pool. Shares submitted after the cutoff will not be accepted, processed, or credited; eligible shares submitted earlier will count toward final rewards. For an individual operator, that makes November 10 a hard stop rather than a gradual wind-down: any hashrate still pointed at Binance's addresses once the connections are cut stops accruing rewards credit from that moment.

Another blow to competition in bitcoin mining in 2026. • SBI closed its • 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

Binance says eligible outstanding rewards, balances, and refunds will be processed afterward, subject to product rules, account status, and compliance checks. Users who need to complete identity verification for a final payout have until 23:59 UTC on November 10. Pool pages will remain viewable until 07:00 UTC on November 24, after which they will no longer be accessible.

For miners assessing where to point their machines next, the state of the Bitcoin mining pool landscape is relevant context.

Does Binance Pool's Exit Matter for BTC USD?

Binance Pool launched in April 2020. At the end of 2025, it ranked ninth among Bitcoin pools, with about 26 exahashes per second (EH/s), or 2.3% of the network, based on Hashrate Index data. Hashrate Index called it the last remaining pool from the period when exchanges expanded into mining.

Its exit follows other closures this year: SBI shut its pool, and Poolin filed for bankruptcy, as rival pool operator Braiins pointed out while offering to host displaced miners. TAP Protocol warned that fewer alternatives risks a greater concentration of control if hashrate flows toward the largest remaining pools. Where Binance Pool's roughly 2.3% of network hashrate resettles will show up directly in pool statistics, so the migration's effect on concentration will be measurable as displaced miners complete their moves.

The exit comes as Binance pushes into traditional finance. On June 1, it opened access to more than 7,000 U.S. stocks and ETFs for customers outside the United States and previewed bStocks, tokenized shares on the BNB blockchain. It also closed its centralized NFT service on July 3.

Binance has not linked any of these moves to the pool closure, and a 2.3% share does not by itself threaten the Bitcoin network. The next test for BTC USD watchers is whether more exchange-run infrastructure follows.