Binance to shut down crypto mining pool services in November
Summary
Binance will shut down Binance Pool and related services on Nov. 10, including Pool Savings, Cloud Mining and mining tools. After the cutoff, miners will be disconnected and the products will stop generating rewards. Binance gave no specific reason, citing a review of its services, and advised users to move mining activity and redeem active positions before closure. Eligible balances and rewards will be settled under product rules and compliance checks. Historical records will remain accessible until Nov. 24. Launched in 2020, Binance Pool initially supported Bitcoin mining and later added other cryptocurrencies.
