Shutting down three business lines at once — Binance is wrapping things up cleanly this time. According to the official announcement, its mining pool, cloud mining service, and Pool Savings will all close simultaneously on November 10.
The three services are similar in nature, all value-added products built around mining that let users participate in hash rate-related earnings without owning their own mining rigs. With the official decision to pull the plug on the same day, it's effectively shutting down the entire business line rather than just cutting a single product.
Binance has not yet explained the reason for the shutdown, and the materials also make no mention of how user assets or balances will be handled going forward — further details are still pending from the official side.
