Binance announced the closure of its mining pool and related services, including cloud mining and savings products, effective November 10 at 07:00 UTC. The company stated that this decision follows a regular review of its product offerings.
The shutdown affects several auxiliary services, such as the Transaction Accelerator, mining pool API, and automated Telegram and email notifications. Mining connections and endpoints will be disabled at the cutoff time, and any hashrate submissions sent after this point will not be processed.
Users must complete identity verification by 23:59 UTC on November 10 to ensure they can receive outstanding rewards and balances. Binance will process these payments according to its existing terms, account status, and compliance requirements.
While links to the pool will be removed from the homepage on November 10, the platform will keep historical data and account records accessible for an additional 14 days. All access to these pages will be permanently terminated on November 24 at 07:00 UTC.
