According to The Block, Binance announced it will shut down its mining pool, cloud mining operations, and the associated Pool Savings service effective November 10. The company did not provide additional details on customer migration, refund policies, or transition support in the statement.
The discontinuation covers all user-facing features under these service names as listed by Binance. No timeline beyond the stated November 10 date was mentioned for any partial continuation or replacement of functionality.
The change affects services previously offered to retail and institutional clients through Binance’s public mining platform. The announcement does not reference alternative offerings currently in development or future plans for mining-related features.
