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Binance to Close Mining Pool, Cloud Mining

Binance said it plans to discontinue Binance Pool and related mining services on November 10. It said mining connections will begin closing first, and shares submitted after 7:00 UTC that day will not be accepted, processed or credited. No new rewards or benefits will accrue after that time.

Binance said it will process outstanding rewards, balances, refunds and settlements after 7:00 UTC on November 11, subject to product rules, account status, risk controls, compliance checks and applicable laws. Users can view historical data, account records and payout status until 07:00 UTC on November 24, after which access will end. Binance cited an ongoing product review for the planned closure.

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