Binance to Suspend Polygon Deposits and Withdrawals for Network Upgrade
Binance, a leading global cryptocurrency exchange, will pause deposits and withdrawals for Polygon (POL) tokens next week. This is to support a planned protocol update and hard fork on the Polygon network.
The suspension is a routine step to ensure a smooth transition during blockchain maintenance. The upgrade, called the “Rio” hard fork, aims to improve Polygon’s scalability and efficiency.
According to Binance’s announcement, the pause will start at about 13:12 UTC on October 8, 2025. The hard fork will occur around 14:12 UTC at block height 77,414,656.
Binance confirmed that trading of Polygon tokens will continue as usual. Users holding POL or related tokens do not need to take any action. Deposits and withdrawals will resume once the network is stable after the upgrade.
Rio Upgrade Aims to Boost Network Speed and Decentralization
The Rio mainnet upgrade is a key step in Polygon’s Proof-of-Stake (PoS) chain development. It targets a transaction speed of up to 5,000 transactions per second (TPS).
This upgrade is part of Polygon’s broader “GigaGas” roadmap. The goal is to better support global payments and tokenized Real-World Assets (RWAs).
The hard fork includes important technical improvements:
- PIP-64 Validator-Elected Block Producer (VEBloP): A new block production model to increase throughput and remove chain recognitions.
- PIP-72 Witness-Based Stateless Verification: Allows validators to verify blocks without storing the full blockchain state, reducing hardware needs and enhancing decentralization.
Service Pause Ensures Smooth Upgrade
The temporary suspension may inconvenience users moving Polygon tokens during the update. However, it allows Binance to manage technical requirements safely.
Deposit and withdrawal services will reopen once the upgraded Polygon PoS mainnet is confirmed stable.
