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Cryptocurrency exchange Binance has announced it will support the network upgrade and hard fork process on the Polygon ($POL) network.
According to the official statement from the exchange, in order to protect user experience and ensure a smooth technical transition, token deposits and withdrawals on the Polygon network will be temporarily suspended as of 4:00 PM on May 21, 2026.
Binance announced that the network upgrade and hard fork are expected to occur on the Polygon blockchain at block height 87,218,600, approximately at 5:00 PM on May 21, 2026. The exchange emphasized that $POL trading in both spot and futures markets will continue uninterrupted throughout the process.
The exchange stated that all technical requirements related to the upgrade process will be managed by the Binance team on behalf of users. Therefore, investors will not need to take any additional action.
Deposit and withdrawal operations will be reactivated once the network is confirmed to be stable after the update. Binance also noted that a separate announcement may not be issued for this reopening.
This hard fork within the Polygon ecosystem is expected to improve network performance, enhance transaction efficiency, and provide a stronger response to future scalability needs. Network updates are critical for blockchain projects, and the technical support provided by major exchanges during this process plays a vital role in ensuring investor asset security.
Experts remind users that they should complete their transfer transactions in advance during such planned maintenance and update processes, and advise Binance users to be cautious about making transfers via the Polygon network during the specified time period.
*This is not investment advice.