Binance, one of the largest cryptocurrency exchanges in the world, has announced its support for the Polygon (POL) network upgrade and hard fork scheduled for July 1, 2025.
Timeline for Upgrade
According to the company's statement, from July 1, 2025, at 11:10 UTC, all token deposits and withdrawals on the Polygon network will be temporarily suspended. The hard fork is expected to occur at block height 73,440,256, around 12:10 UTC on the same day.
Token Trading Process
Binance stated that trading of tokens on the POL network will not be affected during the upgrade process. Users will be able to continue trading without interruption.
User Automation in the Process
All aspects of the technical process will be handled automatically by Binance on behalf of users, meaning there is no need for users to take any action. After the successful completion of the network upgrade, deposits and withdrawals will be automatically reopened once the network is confirmed to be stable.
This development aims to implement improvements to the Polygon network with minimal impact on Binance users.
