Binance to Shut Down Global Crypto Mining Pool and Cloud Services on November 10

Binance announced it is permanently shutting down its crypto mining pool and a cluster of related services on November 10, 2026, at 07:00 UTC. The closure represents a complete wind-down of Binance's mining operations, retiring Cloud Mining, Pool Savings, the Transaction Accelerator, and all supporting APIs and alert systems. Miners have exactly a 28-day window to reconfigure their hardware and point their hashrate to a competing pool, after which any shares submitted to Binance will be rejected and uncredited. The exchange confirmed it will process all eligible prior rewards accrued before the deadline, and it is keeping the historical webpage accessible until November 24 so users can download their account records. While Binance did not officially link the global shutdown to a specific regulatory action, it immediately follows an impending October 27 restriction blocking Brazilian users from the pool due to new central bank compliance mandates.