Binance to Discontinue Crypto Mining Pool Services on November 10
Binance will shut down its mining pool, cloud mining, and related services, prompting users to transition to alternative platforms.
Binance will shut down its mining pool, cloud mining, and related services, prompting users to transition to alternative platforms. This is an original Token Times brief synthesising 2 outlets (Crypto.news, Cointelegraph), plus live market data, as of Tue, 13 Oct 2026 07:15:01 UTC.
The shutdown reflects Binance's strategic shift away from mining services, impacting miners who rely on its infrastructure and potentially reshaping the mining pool landscape.
- Binance mining pool and cloud mining services to cease on Nov. 10.
- Users urged to migrate equipment and claim rewards before shutdown.
- Move aligns with Binance's broader strategic refocusing efforts.
Both Crypto.news and Cointelegraph report that Binance will discontinue its mining pool and related services on November 10. They agree that the shutdown will require miners to transition to alternative platforms and claim any remaining rewards before the deadline. However, Cointelegraph emphasizes the need for miners to move to other pools, while Crypto.news provides additional detail about the process of moving equipment and claiming rewards.
Binance has announced the discontinuation of its cryptocurrency mining pool and related services, including cloud mining, effective November 10. The decision comes as part of a broader strategic shift by the exchange, which has been reevaluating its service offerings.
Users of the Binance mining pool are being urged to migrate their mining equipment and operations to alternative platforms before the shutdown date. The exchange has also advised miners to ensure they claim any accumulated rewards before the services cease.
The news has been corroborated by multiple outlets, with Crypto.news and Cointelegraph both confirming the November 10 shutdown date. While both outlets highlight the need for miners to transition, Crypto.news provides more granular detail about the process, including the steps for moving equipment and claiming rewards.
Binance's move away from mining services follows a trend of exchanges and crypto companies streamlining their operations in response to market conditions and regulatory pressures. The decision could impact miners who rely on Binance's infrastructure, potentially leading them to seek out other mining pools.
As of the latest market data, the total crypto market cap stands at $2.88 trillion, with 
Bitcoin experiencing a slight 0.40% decline over the past 24 hours. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 57, indicating a relatively stable market environment despite this development.
Figures and sectors in this story, checked live against on-chain aggregators · October 13, 2026.
Token Times 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 Discontinue Crypto Mining Pool Services on Novemb — questions & answers
When will Binance shut down its mining pool?
Binance will shut down its mining pool and related services on November 10.
What should Binance mining pool users do?
Users should migrate their mining operations to alternative pools and claim rewards before November 10.
Why is Binance discontinuing its mining pool?
The shutdown is part of Binance's strategic refocusing, though specific reasons have not been detailed.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news, Cointelegraph, 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 Token Times 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.