Cryptocurrency exchange Binance has announced it will support the upcoming network upgrade and hard fork on the Polygon (POL) blockchain.

To ensure transaction security and facilitate a smooth upgrade, Binance will temporarily suspend token deposits and withdrawals on the Polygon network. The suspension takes effect on July 29, 2026, at 4:00 PM UTC. The network upgrade and hard fork are scheduled to occur at block number 50,185,000, which is estimated to take place at approximately 5:00 PM UTC on the same day.

Binance emphasized that the suspension applies solely to deposit and withdrawal operations conducted through the Polygon network. Trading of POL and other tokens on the Polygon network will remain fully available on Binance Spot and other trading platforms throughout the upgrade period.

The exchange confirmed that it will handle all technical procedures related to the network upgrade on behalf of users. No action is required from users, and deposit and withdrawal services will resume once Binance verifies that the network is operating stably on the new version. The exchange also noted that no additional announcements will be made regarding this process.

Polygon is one of the most prominent scaling solutions within the Ethereum ecosystem. POL, formerly known as MATIC, serves as the network's native token following Polygon's broader rebranding initiative. Regular network updates are designed to enhance performance, bolster security, and improve the developer experience. Hard forks allow significant protocol-level changes to be implemented across the network.