Binance to shut its mining pool and related services on November 10

what happened

Binance, the largest cryptocurrency exchange, will shut down Binance Pool and its related services on November 10, 2026. RBC.ru reports that the decision was made “as part of the ongoing review of products and services.” At 07:00 (UTC), Binance Pool, Pool Savings, Cloud Mining and Transaction Accelerator will stop operating. Hashrate alerts on Telegram and by email, along with the mining pool’s API services, will also be discontinued.

The exchange advised users to disconnect from Binance Pool before the deadline, redirect their miners to another pool, close active Pool Savings positions and cancel any subscription. Links to Binance Pool will be removed from Binance’s homepage on November 10. The website will remain available for viewing historical data, account information and payout status for another 14 days, until November 24, 2026 at 07:00 (UTC). After that, the data will be permanently unavailable.

According to mempool.space data for October 13, Binance Pool was among the ten largest Bitcoin pools and accounted for 1.76% of global hashrate in the network. NFT marketplace Blur also announced that its user interface would be shut down on November 12. Its blockchain trading protocol will continue operating, but the Blend service will stop issuing new NFT-backed loans. Users were told to repay loans and withdraw funds. Blur launched in 2022; its monthly trading volume exceeded $1.4 billion in March 2023, then fell by more than 99% to $11 million in August this year and $19 million in September.

why it matters

The closure will require Binance Pool miners to move their equipment to another pool. Its 1.76% share of global Bitcoin hashrate makes the decision relevant to the distribution of mining capacity and access to related services.

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