In Binance information right now, the trade will shut down Binance Pool and associated providers at 07:00 UTC on November 10, 2026, ending its Bitcoin mining operations on the platform.
Miners have been informed to redirect their tools earlier than that cutoff, because the announcement says it is not going to settle for, course of, or credit score later hashrate submissions and mining shares.
This information comes as BNB, the token intently linked to Binance and the BNB Good Chain, trades for $740, down a modest -0.5% over the previous 24 hours. Each day buying and selling quantity is sitting at $561M.
As a part of our ongoing evaluate of services and products, Binance will discontinue Binance Pool and associated providers on 2026-11-10 at 07:00 UTC.
This consists of Pool Financial savings, Cloud Mining, Transaction Accelerator, and associated options.
Learn the total discover: https://t.co/RzJljPXr0t pic.twitter.com/VkuFciTU96— Binance (@binance) October 13, 2026
Binance Information: What are the Key Particulars Miners Have to Know Earlier than the Cutoff?
The closure impacts Pool, Cloud Mining, Pool Financial savings and Transaction Accelerator, in addition to Stratum connections, mining-pool APIs and e-mail and Telegram alerts.
Customers should transfer to a different pool and shut Pool Financial savings accounts earlier than providers finish; eligible excellent rewards or refunds will probably be dealt with underneath relevant product phrases and compliance checks.
Transaction historical past will stay accessible till 07:00 UTC on November 24, 2026. Binance has not specified an computerized payout timetable or the exact mechanics for ultimate settlements, so customers ought to examine the related product phrases reasonably than assume balances will probably be paid out in a selected means.
The closure discover, reported by Binance throughout social media, frames the choice as a part of a broader product evaluate however doesn’t clarify the monetary causes. The operational deadline is evident; the rationale just isn’t.
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In response to Bloomberg, Binance is providing customers exterior the US entry to choices tied to greater than 1,000 US shares and ETFs by means of its Abu Dhabi entity, Nest Buying and selling Restricted, in partnership with… pic.twitter.com/VZ4s8wrmkV— Wu Blockchain (@WuBlockchain) September 1, 2026
Binance Pool started working in April 2020 and promoted the Full Pay-Per-Share mannequin for Bitcoin miners. Its shutdown ends a six-year mining presence, however the discover doesn’t present that the trade’s broader product enlargement drove the choice.
On the identical time, Binance is creating AI instruments and traditional-asset buying and selling. The trade launched a free AI market assistant on October 12 after a beta involving roughly 150,000 customers; the device supplies market steering reasonably than autonomous buying and selling. Binance has additionally expanded into US. equities by means of Nest Buying and selling and introduced plans for bodily settled choices on greater than 1,000 U.S. shares and ETFs.
The Block reported that Binance’s TradFi perpetual-futures quantity rose from $29.5Bn in January to $433.4Bn in August. That enlargement supplies context for the trade’s altering product combine, however it doesn’t clarify why Binance shut down its mining pool.
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Bnb (BNB)24h7d30d1yAll time
In different Binance information, BNB was buying and selling at roughly $740.27 on October 14, up 0.5% over 24 hours however nonetheless down 4.4% over the previous seven days, in accordance with CoinGecko.
The token’s market cap stands at round $98.57Bn, with each day buying and selling quantity reaching roughly $555.82M. BNB stays properly under its all-time excessive of $1,369.99, reflecting latest promoting strain.
The $736–$718 area may present near-term help, whereas resistance round $746 and $775 could problem any bullish restoration.
A sustained transfer above these ranges may strengthen momentum, whereas a breakdown under help would enhance draw back dangers. BNB’s outlook may even rely upon broader crypto sentiment and exercise throughout BNB Chain, the place rising ecosystem adoption may help demand.
Nonetheless, declining buying and selling quantity suggests merchants ought to stay cautious till stronger shopping for strain emerges, with eyes on Bitcoin to sign the broader market’s subsequent transfer.
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The submit Binance Information: Miners Should Transfer Earlier than Pool Closes on November 10 appeared first on Cryptonews.