Binance May Temporarily Pause Polygon Deposits and Withdrawals During July Network Upgrade
2025-06-30 12:02:16
Main Idea
Binance will temporarily suspend Polygon deposits and withdrawals on July 1, 2025, to support a network upgrade and hard fork, ensuring stability and performance while allowing uninterrupted POL token trading.
Key Points
1. Binance will pause Polygon deposits and withdrawals starting at 11:10 UTC on July 1, 2025, coinciding with Polygon's block number 73,440,256.
2. The suspension is part of Polygon's broader strategy to enhance network throughput, reduce fees, and improve stability.
3. Trading of POL tokens will remain unaffected during the pause.
4. The upgrade aims to strengthen Polygon's position as a leading Layer 2 platform.
5. Binance's coordination with Polygon ensures minimal disruption during the network upgrade.
Description
Binance will temporarily halt Polygon (MATIC) deposits and withdrawals to facilitate a critical network upgrade scheduled for July 1, 2025. The pause aims to ensure a seamless transition during Polygon’s
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