This article was last updated on January 15, 2024 with the following information:
- Deposits & Withdrawals for Polygon Ecosystem Token (POL) are open via the Polygon and Ethereum networks.
- Trading for POL is now available on the POL/USDT, POL/BTC, and POL/ETH trading pairs.
- Staking for POL is now available.
- Buy, Sell & Convert for POL will be available at a later date. This article will be updated once the feature is available.
IMPORTANT: This article was originally published on December 19, 2024. For the latest updates, please refer to the section above.
As previously announced, Binance.US will support the Polygon (MATIC) token migration from Polygon (MATIC) to Polygon Ecosystem Token (POL).
Important information
- Please do NOT deposit POL to Binance.US until deposits are opened and this announcement is updated. If you mistakenly deposited POL via the Ethereum network, deposits may only be credited once POL is officially supported. However, we cannot guarantee the recovery of unsupported assets or assets sent through an unsupported network.
- If you currently hold Polygon (MATIC) on Binance.US, please note once the changes described below go into effect starting January 9, 2025, you will no longer be able to deposit or withdraw MATIC. During the migration, we will convert all MATIC balances held on Binance.US to POL at a 1:1 ratio. The migration is estimated to take approximately two weeks to complete.
Updates for Polygon (MATIC) holders
On January 5, 2025 at 7 p.m. PST / 10 p.m. EST:
- Buy & Sell, Convert & OTC for MATIC will be disabled.
On January 7, 2025 at 3 p.m. PST / 6 p.m. EST:
- Staking & Unstaking for MATIC will be disabled to facilitate the migration to POL. If you need to withdraw MATIC before the migration, you must unstake ahead of time, as the unbonding period for MATIC must be completed before you can initiate the withdrawal. During the migration, rest assured your MATIC is safe and Binance.US will securely migrate your staked MATIC to staked POL at a 1:1 ratio. Please note the staking reward rate may fluctuate during the migration process.
On January 9, 2025 at 6 p.m. PST / 9 p.m. EST:
- Deposits & Withdrawals for MATIC will no longer be supported. Deposits for MATIC made on or after January 9, 2025 at 6 p.m. PST / 9 p.m. EST won’t be credited to your account.
- Trading for MATIC via the MATIC/USDT, MATIC/BTC, and MATIC/ETH trading pairs will be disabled at this time.
The migration to POL is expected to take approximately two weeks to complete. Afterwards, we will update this announcement to inform you when POL deposits, withdrawals, staking, and trading are live. In the meantime, please do NOT deposit POL to Binance.US.
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.