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Binance to Support Conversion of Polygon (MATIC) Tokens to Polygon (POL)

Binance

Binance has announced its support for the upcoming transition from Polygon (MATIC) tokens to Polygon (POL) tokens.

Starting on September 10, 2024, at 03:00 UTC, Binance will delist all existing MATIC trading pairs, including MATIC/BNB, MATIC/BRL, MATIC/BTC, MATIC/ETH, MATIC/EUR, MATIC/FDUSD, MATIC/JPY, MATIC/TRY, MATIC/USDC, and MATIC/USDT. Any pending MATIC orders will also be canceled at this time. Shortly after, on September 13, 2024, at 10:00 UTC, Binance will introduce new trading pairs for POL tokens: POL/BNB, POL/BRL, POL/BTC, POL/ETH, POL/EUR, POL/FDUSD, POL/JPY, POL/TRY, POL/USDC, and POL/USDT.

Deposits and Withdrawals

MATIC deposits and withdrawals will be temporarily halted from September 10, 2024, at 03:30 UTC. It is advised to ensure all MATIC deposits are completed before this cutoff time.

Once the conversion process is finished, Binance will inform users when deposits and withdrawals for POL tokens will resume. After this, withdrawals for MATIC tokens will no longer be supported.

Between September 4, 2024, at 12:00 UTC, and September 10, 2024, at 03:30 UTC, Polygon PoS native tokens will continue trading under the MATIC ticker on Binance.

Token Swap

MATIC tokens held on Binance will automatically be converted into POL tokens at a 1:1 ratio. This process will be seamless, and users need not take any action for the swap to occur.

Spot Trading

As of September 10, 2024, at 03:00 UTC, all MATIC spot trading pairs will be delisted, and trading will be halted. The pairs being removed are MATIC/BNB, MATIC/BRL, MATIC/BTC, MATIC/ETH, MATIC/EUR, MATIC/FDUSD, MATIC/JPY, MATIC/TRY, MATIC/USDC, and MATIC/USDT.

Once the trading suspension is implemented, all outstanding orders for these pairs will be automatically canceled.

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