Cryptocurrency exchange Binance has announced that it will support upgrades and hard forks on its Neutron (NTRN) and Polygon (POL) networks. Deposits and withdrawals will be temporarily halted during the updates, but trading will not be affected.
Planned Updates to Neutron and Polygon Networks
According to Binance, the Neutron (NTRN) network will be updated on February 12, 2025, when the block height reaches 19,947,000. To ensure a smooth update, Binance will temporarily suspend deposits and withdrawals on the Neutron network on February 12 at 16:00 BST (13:00 UTC).
Similarly, the Polygon (POL) network will be updated on February 13, 2025, when the block height reaches 22,393,043. Deposits and withdrawals on the Polygon network will be halted on February 13 at 12:00 a.m. PT (09:00 UTC).
How Will It Affect Binance Users?
Binance stated that trading will continue as normal during the updates and that users’ assets are safe. The platform said that deposits and withdrawals will be reopened once the network upgrades are complete and verified as stable, but no further announcements will be made.
Cryptocurrency exchanges are trying to support updates to their blockchain networks to ensure smooth trading for users. Binance also stated that it will undertake the technical requirements and manage the processes without any user intervention.
While these developments are stated to increase the security and performance of both networks, users are advised to be prepared for possible interruptions during updates.
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