Binance will discontinue Binance Pool and related services on Nov. 10, 2026, the exchange disclosed this week. The shutdown ends a six-year run for the mining arm of the world's largest crypto exchange by trading volume. Binance Pool mined 22,188 Bitcoin blocks over its lifetime, according to mempool.space statistics.
The company hasn't said why it's closing the pool, and it hasn't outlined what happens to miners still pointing hashrate at it. What's clear is the deadline: roughly four weeks from now.
Six years, 22,188 blocks
Binance Pool launched into a crowded field and grew into one of the larger pools by hashrate, though it never seriously threatened the dominance of Foundry USA or AntPool. The 22,188 blocks it mined over six years works out to a steady, if unspectacular, share of total Bitcoin blocks produced during that stretch.
For an exchange that's spent years expanding into every corner of crypto — spot, derivatives, staking, custody, its own chain — mining was always the odd one out. Capital-intensive, thin-margin, and operationally fussy in ways that don't resemble running a matching engine.
What miners need to do
The Nov. 10 date applies to Binance Pool and "related services," the exchange said, without itemizing which services fall under that umbrella. Miners who've been directing hashrate to Binance Pool will need to repoint their rigs at another pool before the cutoff. That's a straightforward config change for most setups, but it's not automatic — nobody migrates your hashrate for you.
Anyone with unpaid balances tied to the pool should treat the next four weeks as the window to sort that out. Binance hasn't published a detailed wind-down schedule, so the safe move is to act before the deadline rather than on it.
A quiet retreat from mining
Exchange-run mining pools were a bigger deal a few years back. They offered exchanges a way to keep miners inside their ecosystem — payouts landing in exchange accounts, trading fees staying in-house, and a bit of influence over which blocks get found. That logic has weakened as mining has consolidated around a handful of specialist pools and as exchanges have faced more scrutiny over how much of the stack they control.
Binance isn't the first exchange to walk away from the business, and it probably won't be the last. The economics just don't reward it the way they reward, say, listing a token or launching a yield product.
The date to watch
Nov. 10 is the hard stop. Until then, Binance Pool keeps running. After that, the 22,188-block tally is final. The exchange hasn't said whether it will redirect those resources elsewhere — to its validator operations, its cloud business, or nowhere at all. That's the open question, and Binance isn't answering it yet.
