Early this morning, Binance posted a pretty straightforward announcement: Binance Pool will officially shut down at **7:00 a.m. on November 10, 2026** (UTC).
And it’s not just the mining pool. Pool savings, cloud mining, transaction accelerators, the Pool API, and hashrate alerts are all being discontinued.
What does this mean? Binance isn’t just scaling back this time—it’s removing mining entirely from its product lineup.
**First, the key facts**
Launched in **April 2020** and shutting down on **November 10, 2026**—after running for exactly **six and a half years**. For a product to last six and a half years and make it through a full bull-and-bear cycle shows that people really used it and it really made money back then.
What does this mean? A product that’s been around for six and a half years is being shut down just like that. It shows Binance is serious about this strategic shift—this isn’t just a minor tweak.
**November 24, 2026**: Historical mining pool data and earnings pages will be permanently shut down.
What does this mean? Export your mining earnings records and statements soon, especially if you need them for accounting. After November 24, you won’t be able to retrieve them.
The official explanation is just one line: "Ongoing evaluation of products and services."
What does this mean? In other words, they haven’t said why. But the implication is clear: this business isn’t worth continuing to spend people and resources on. Those resources need to go toward Binance’s core trading business and wallet ecosystem.
**The market impact, in two parts**
First, miners. After November 10, Binance’s Stratum addresses will be disabled. If your mining rigs are still connected, they’ll be mining for nothing, and all submitted hashrate will be deemed invalid.
What does this mean? Miners on Binance Pool have less than a month to move. Their hashrate will likely flow to leading pools like AntPool, ViaBTC, and F2Pool, reshuffling the market shares of mining pools.
Second, the Bitcoin network itself. Shutting down a mining pool doesn’t make hashrate disappear—the machines keep running; they just get a new "foreman."
What does this mean? Total network hashrate won’t decrease, and there’s basically no direct impact on the price of $BTC . Don’t scare yourself for no reason.
What about $BNB ? Mining pools were already making up a smaller share of Binance’s profits. Shutting them down will let Binance focus its resources on core businesses like trading, Launchpool, and its wallet.
What does this mean? For $BNB holders, this isn’t bad news—it’s a sign Binance is focusing its efforts. The more Binance concentrates on its core business, the stronger the foundation for $BNB becomes.
**Outlook**
Keep an eye on two things next: first, which mining pools this hashrate flows to—the shifts in market share will determine the block-production landscape over the next few months; second, whether Binance will keep cutting peripheral product lines. This time it’s the mining pool. Who’s next?
I’ll break down changes like this to entire product lines as soon as they happen. Follow me, and you’ll be the first to know when Binance makes its next move.
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