News · Cointelegraph

Binance to shut down crypto mining pool services in November

Binance will discontinue Binance Pool and related services on Nov. 10, ending an operation that has run for over six years since its April 2020 launch. Affected products include Pool Savings, Cloud Mining, Transaction Accelerator and mining pool APIs, and they will stop generating rewards after the cutoff. Miners are urged to move their computing power to other pools, and users have until Nov. 24 to access historical mining records and payout information. Binance attributed the decision to an ongoing product review but did not give a specific reason.

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