This article was last updated on September 4, 2024 at 10 p.m. PDT / 1 a.m. EDT.
- Deposits & withdrawals have resumed for all tokens via the Polygon network, including MATIC, USDT, and VOXEL.
Binance.US will support the upcoming Polygon (MATIC) token migration from MATIC to Polygon Ecosystem Token (POL). According to the project team’s announcement, this migration is expected to take place on September 4, 2024.
We will update this announcement once POL is officially supported on Binance.US. In the meantime, here’s what you need to know.
Polygon network updates
On September 3, 2024 at 3 p.m. PDT / 6 p.m. EDT:
- Deposits & Withdrawals for all tokens via the Polygon network, including MATIC, USDT, and VOXEL, were temporarily suspended, but have since resumed. Any deposits of these tokens via the Polygon network that were made or in progress while deposits & withdrawals were disabled will NOT be credited to your account. You will lose any deposits made after September 3, 2024 at 3 p.m. PDT / 6 p.m. EDT and before deposits & withdrawals resumed.
After the migration is completed:
- We will update this announcement when Polygon network support resumes and POL is officially supported. Please do NOT deposit POL to Binance.US until deposits are opened and this announcement is updated.
- Deposits for POL (not yet supported) via the Polygon network will be credited as MATIC on Binance.US until further notice. Rest assured that in the coming months, we will support the conversion of all MATIC (held on Binance.US at the time of conversion) to POL at a 1:1 ratio. A separate announcement will be issued at a later date, with more information regarding the MATIC to POL conversion.
Ethereum network updates
Before, during, and after the migration:
- Deposits & Withdrawals for MATIC via the Ethereum (ERC20) network will continue to be supported, unless otherwise noted on our platform, Status page, or list of supported assets.
After the migration is completed:
- Deposits & Withdrawals for POL (not yet supported) will also be supported via the Ethereum (ERC20) network.
Additional updates for MATIC token holders
- Buy & Sell, Convert, and OTC for MATIC will remain supported until further notice.
- Trading for MATIC will remain supported on the MATIC/USDT, MATIC/BTC, and MATIC/ETH trading pair.
- Staking for MATIC will remain unaffected by the upcoming changes. Customers will continue to receive staking rewards on staked MATIC and you may request to stake or unstake MATIC at any time.
For more information regarding the Polygon (MATIC) migration, please refer to the project team’s website.
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Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.