Binance to Discontinue Bitcoin Mining Operations After Six Years
Binance Pool will shut down on November 10, 2026, marking the end of the exchange's six-year mining venture.
Binance Pool will shut down on November 10, 2026, marking the end of the exchange's six-year mining venture. Bitcoin (BTC) is trading at $83,309.00, down 0.2% since this brief published. This is an original TLT brief based on reporting by Bitcoin.com, with live market data added, as of Tue, 13 Oct 2026 15:45:02 UTC.
Binance's exit from mining highlights shifting strategic priorities for major crypto exchanges amid evolving market conditions and regulatory landscapes. The move may impact Bitcoin's mining ecosystem and influence broader industry trends.
- Binance Pool to cease operations on November 10, 2026.
- Exchange mined 22,188 Bitcoin blocks since 2017.
- Decision comes amid broader product review by Binance.
- Bitcoin network hashrate remains strong at 1001 EH/s.
- Binance to Discontinue Crypto Mining Pool Operations on November 10
- Binance to Discontinue Bitcoin Mining Operations After Six Years — this brief
Binance, the world's largest cryptocurrency exchange by trading volume, has announced the discontinuation of its mining operations, including Binance Pool, which will officially cease operations on November 10, 2026. This decision comes after six years of operation during which Binance Pool mined 22,188 
Bitcoin blocks, according to mempool.space statistics.
The move is part of a broader product review by Binance, as reported by CoinCodex. The exchange has not provided specific reasons for the shutdown but indicated that it is part of a strategic realignment of its services. The decision affects all services related to Binance Pool.
The Bitcoin network's hashrate currently stands at 1001 EH/s, with a difficulty of 132.7T, according to mempool.space. Despite Binance's exit, the network's hashrate remains robust, suggesting that the impact on Bitcoin's mining ecosystem may be minimal.
Binance's entry into mining in 2017 was seen as a strategic move to diversify its operations and strengthen its position in the crypto market. However, the decision to exit mining indicates a shift in the exchange's priorities, possibly influenced by market conditions and regulatory challenges.
The broader crypto market remains in a state of cautious optimism, with a total market cap of $2.88T and a Fear & Greed index at 57, indicating 'Greed'. Bitcoin's price has increased by 1.07% in the last 24 hours, currently trading at $83,446, although it has fallen by 3.26% over the past week.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from $83,446.00 to $83,309.00 — -0.16%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦113.95M (about $83,309.00), up 0.8% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 13, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance to Discontinue Bitcoin Mining Operations After Six Y — questions & answers
Why is Binance shutting down its mining operations?
The exact reasons are unspecified, but it is part of a broader product review and strategic realignment by Binance.
What will happen to Binance Pool?
Binance Pool will officially cease operations on November 10, 2026.
How will this affect the Bitcoin network?
The Bitcoin network's hashrate remains strong at 1001 EH/s, suggesting minimal impact from Binance's exit.
How much is 1 Bitcoin worth in naira today?
About ₦113.95M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,309.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.16% since this brief first published — trading at $83,309.00 now versus $83,446.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.