Binance to Shut Down Bitcoin Mining Pool on November 10
Binance Pool will cease operations, prompting miners to seek alternative solutions before the deadline.
Binance Pool will cease operations, prompting miners to seek alternative solutions before the deadline. This is an original Criptano brief synthesising 4 outlets (CryptoNews, Decrypt, Unchained, and others), plus live market data, as of Thu, 15 Oct 2026 11:46:23 UTC.
The closure of Binance Pool marks a significant shift for miners who rely on its infrastructure, potentially impacting Bitcoin's mining landscape and forcing users to adapt quickly. The move coincides with Binance's strategic expansion into new financial products.
- Binance Closes Its Mining Pool and Cloud Mining, Gives Miners Four Weeks to Move Hashrate ↗
- Binance Is Shutting Down Its Bitcoin Mining Pool After Six Years ↗
- Binance News: Miners Must Move Before Pool Closes on November 10 ↗
- Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65% ↗
- Binance Pool to close on November 10 at 07:00 UTC.
- Miners must switch pools and close Pool Savings accounts by November 24.
- Binance's Bitcoin network hashrate contribution stands at 1008 EH/s.
- The closure coincides with Binance's expansion into U.S. stocks and bStocks.
Both CryptoNews and 99Bitcoins confirm that Binance Pool will shut down on November 10 at 07:00 UTC, with miners required to transition to alternative pools and close Pool Savings accounts by November 24. However, while CryptoNews focuses on the operational aspects of the closure, 99Bitcoins highlights Binance's strategic shift towards U.S. stocks and bStocks as a potential reason for the move, though Binance has not explicitly linked the two developments.
- Binance to Discontinue Mining Services on November 10, 2026
- Binance to Shut Down Bitcoin Mining Pool on November 10 — this brief
Binance has announced the closure of its 
Bitcoin mining pool, Binance Pool, which will cease operations on November 10 at 07:00 UTC. This decision comes as Binance expands into new financial products, including U.S. stocks and bStocks, although the company has not officially connected the two moves.
Miners using Binance Pool are advised to switch to alternative mining pools before the closure. Additionally, users with Pool Savings accounts must close them by November 24 to avoid any potential issues. The Bitcoin network's current hashrate is 1008 EH/s, with a difficulty of 132.7T, according to mempool.space.
The closure of Binance Pool is significant for the mining community, as it represents a notable reduction in available mining infrastructure. This change could lead to a redistribution of mining power across other pools and potentially impact the overall dynamics of the Bitcoin network.
Binance's strategic shift towards U.S. stocks and bStocks suggests a broader diversification of its financial offerings. This move may be part of a larger plan to expand its presence in traditional financial markets while scaling back certain cryptocurrency-related services.
As of now, the total crypto market cap stands at $2.82 trillion, with Bitcoin experiencing a 24-hour decline of 1.90%. The overall market sentiment, as indicated by the Fear & Greed Index, remains in the 'Neutral' range at 53.
Figures and sectors in this story, checked live against on-chain aggregators · October 15, 2026.
Criptano reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance to Shut Down Bitcoin Mining Pool on November 10 — questions & answers
When will Binance Pool officially close?
Binance Pool will close on November 10 at 07:00 UTC.
What do miners need to do before the closure?
Miners must switch to alternative pools and close Pool Savings accounts by November 24.
Why is Binance closing its mining pool?
Binance is expanding into U.S. stocks and bStocks, though it has not explicitly linked this to the pool's closure.
Which outlets reported this story?
This is an original Criptano brief that synthesises reporting from CryptoNews, Decrypt, Unchained, CoinDesk, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Criptano brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.