This article was last updated on December 19, 2024 at 3:18 p.m. PST / 5:18 p.m. EST and is now outdated. Please refer to our latest announcement here.
- Please do NOT deposit POL to Binance.US until deposits are opened and the announcement above is updated. If you mistakenly deposited POL via the Ethereum network, funds may be credited once POL is officially supported. However, we cannot guarantee the recovery of unsupported assets or assets sent through an unsupported network.
- Deposits & withdrawals have resumed for select 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.
Download the Binance.US app to trade on the go: iOS | Android
Follow us to stay up to date with Binance.US news and announcements:
Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; or (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice. We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.
Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. Please refer to our Terms of Use for more information.
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.