Coinbase reports potential delays when transferring assets on the Polygon network but assures users of the safety of their funds.
Coinbase Status Update
Coinbase updated its status page to caution users about possible delays in transferring Polygon assets. It is reported that buying, selling, and fiat operations remain unaffected by the added delays.
Reasons for Transfer Delays
The delays may be linked to Polygon’s recent network upgrade, which included swapping its MATIC token for POL and introducing a new staking-based security system. This upgrade aims to enhance the scalability and security of the network.
Coinbase's Comment
Coinbase reports that it is actively monitoring the situation and working on its resolution. Users can keep up-to-date with status updates via Coinbase's status page.
Coinbase reassures users that their funds are safe and promises timely resolution of the transfer delays on the Polygon network.
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