Binance to Suspend Polygon (MATIC) Deposits and Withdrawals on July 1, 2025, for Network Upgrade and Hard Fork

Binance has officially announced the suspension of Polygon (POL) token deposits and withdrawals starting July 1, 2025, at 16:10 (UTC+8). This temporary halt is implemented to facilitate a critical network upgrade and hard fork aimed at enhancing the Polygon blockchain’s performance and security. The upgrade is scheduled to occur at block height 73,440,256, anticipated around 17:10 (UTC+8) on the same day. Market participants and investors are advised to plan their transactions accordingly to avoid disruptions. This strategic move underscores Binance’s commitment to supporting robust infrastructure improvements within the decentralized finance (DeFi) ecosystem, ensuring sustained network reliability and scalability.