Binance crypto exchange announced the closure of the mining pool

Binance, the largest cryptocurrency exchange, has announced the closure of its own mining pool and related tools. The decision will enter into force on November 10, 2026.

On this day, the Binance Pool will be completely disconnected from the equipment for mining cryptocurrencies. The company will stop taking into account the results of the participants' work and accruing rewards. The press service of the exchange explained that the closure was due to a revision of the set of products and services, but the specific reasons for this step were not specified.

Along with the main pool, related functions will cease to work: the cloud Mining service Cloud Mining, the Pool Savings accumulative product and the Transaction Accelerator Transaction Accelerator. The programming interface (API), client notification functions, and hashrate status notifications will also be disabled.

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Representatives of the platform recommended that miners redirect their computing power to other pools in advance to avoid downtime. Customers using Pool Savings need to cancel their subscription and withdraw assets before service stops.

Binance assured that all unpaid rewards and remaining funds will be returned to users after closing. Calculations will be made in accordance with the rules of specific products after the necessary checks.

The history of operations, mining and payments will remain available in the interface until November 24. After this date, the pool pages will be permanently deactivated, so users are advised to save the necessary information in advance.

The exchange's mining pool was launched in April 2020. Initially, the service was intended only for bitcoin mining, but later the list of supported cryptocurrencies was expanded. Earlier it became known that starting from October 27, Binance will also stop trading 22 tokens and restrict access to a number of services for clients from Brazil. The restrictions will affect assets such as USDE, USTC, ZIL, ONE, and a number of others, while the innovations will not affect the platform's global customers. After the specified date, users will still be able to withdraw funds and reinvest them, but trading in these coins will be stopped.