Binance to shut down mining pool and cloud mining services in November

shut down mining pool — Binance will shutter its mining pool, cloud mining, and Pool Savings products next month, the exchange announced.

The services will be discontinued on November 10, 2026. Users who have active contracts for Binance’s cloud mining or Pool Savings products will be able to continue receiving payouts until the closure date.

The exchange advised users to manage their mining pool settings and transfer any hashrate to alternative pools before the deadline. It noted that all payouts for mining pool services will be distributed to users’ spot wallets.

This move represents a significant withdrawal from the direct provision of mining infrastructure by one of the world’s largest cryptocurrency exchanges. The announcement did not specify the reason for the termination of these services.