Binance, one of the world's largest cryptocurrency exchanges, announced that it will fully support the network upgrade and hard fork process that will take place on the Polygon (POL) network.
Binance to Support Polygon (POL) Network Upgrade and Hard Fork According to the statement made by the company, as of July 1, 2025 at 11:10 UTC, all token deposits and withdrawals on the Polygon network will be temporarily suspended.
This step is being taken to ensure that users have the best experience and the technical process runs smoothly.
The network upgrade and hard fork is expected to occur at block height 73,440,256, approximately July 1, 2025 at 12:10 UTC.
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.
Additionally, 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 after the network is confirmed to be stable.
Binance stated that it will not be making any new announcements regarding this process.
This development aims to implement improvements to the Polygon network with minimal impact on Binance users. *This is not investment advice.
Continue Reading: Bitcoin Exchange Binance Announced That It Will Fully Support This Altcoin's Network Upgrade and Hard Fork Process! Here Are the Details.
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