Binance Pool Closure: Official Timeline and Service Impact

Binance has released an official notice confirming the wind-down of its Pool business. This move will disrupt several linked services, requiring users to plan ahead for a smooth transition of their assets and operations.

The Shutdown Schedule in Detail

All pool and related services will officially cease at 07:00 UTC on November 10, 2026. The termination involves a phased process rather than an immediate cutoff.

  • Service Halt: At the deadline, the pool will disconnect all miners and deactivate Stratum addresses and mining nodes.
  • Hashrate Submission: Any hashrate or shares submitted after the cutoff will not be accepted, processed, or counted towards user earnings.
  • Page Access: The pool entry on the homepage will be removed on November 10. However, the dedicated pool page will remain accessible until 15:00 (Beijing Time) on November 24 for historical data review only, before permanent closure.

Scope of Affected Services

The shutdown is comprehensive, encompassing the following products:

  • Binance Pool (core service)
  • Pool Savings
  • Cloud Mining
  • Transaction Accelerator
  • Supporting services like hashrate alerts, email notifications, and Pool API

Essential Action Steps for Users

To prevent loss of earnings and operational disruption, Binance advises users to take prompt action.

Priority Actions: Migrate Miners and Settle Holdings

For active miners, the most critical task is to switch mining devices to alternative pools. This reconfiguration must be completed before November 10 to maintain mining continuity.

Users with Pool Savings positions need to redeem or exit their holdings in advance.

Asset Settlement and Post-Closure Process

Regarding remaining assets, the platform stated that eligible pending rewards, account balances, and refunds will be settled according to applicable rules after services fully stop. No immediate action is required at the moment of shutdown, but users should watch for subsequent settlement notices.

This closure necessitates proactive steps from users for equipment migration and holding management. Delaying action until the deadline risks unnecessary complication. Affected users are advised to start planning immediately to ensure all linked services are properly handled well before the cutoff.