This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance will support the Polygon (MATIC) token swap to Polygon (POL).
At 2024-09-10 03:00 (UTC), Binance FZE will delist all existing MATIC spot trading pairs (i.e., MATIC/BNB, MATIC/BTC, MATIC/ETH, MATIC/FDUSD, MATIC/USDC, and MATIC/USDT) and cancel all pending MATIC spot trading orders. At 2024-09-13 10:00 (UTC), Binance will open trading for the POL/BNB, POL/BTC, POL/ETH, POL/FDUSD, POL/USDC, and POL/USDT trading pairs.
General
Deposits and Withdrawals
At 2024-09-10 03:30 (UTC), deposits and withdrawals of MATIC tokens will be suspended. Please ensure that you leave sufficient time for your MATIC token deposits to be fully processed prior to this time.
Binance will make a separate announcement after the event is completed to notify users when deposits and withdrawals of POL tokens will be opened.
After the event is complete, withdrawals of MATIC tokens will no longer be supported.
Binance will handle all technical requirements for users who are involved in this event.
Users may refer to the announcement from the project team for more information.
From 2024-09-04 12:00 (UTC) to 2024-09-10 03:30 (UTC), deposits and withdrawals of Polygon PoS native tokens (POL) will retain the MATIC ticker within Binance.
Token Swap
MATIC tokens will assume the ticker of POL tokens on Binance.
All MATIC tokens will be swapped to POL at a ratio of 1 MATIC = 1 POL.
Spot
At 2024-09-10 03:00 (UTC), Binance will delist and cease trading on all spot trading pairs for MATIC.
The exact trading 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.
All trade orders will be automatically removed after trading ceases in each respective trading pair.
Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-09-10 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.
Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 2024-09-09 03:00 (UTC) - after this time, any outstanding spot trading pairs will be moved to the Spot Wallet. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2024-09-09 03:00 (UTC) to avoid potential losses.
Binance will open trading for the POL/BNB, POL/BRL, POL/BTC, POL/ETH, POL/EUR, POL/FDUSD, POL/JPY, POL/TRY, POL/USDC, and POL/USDT trading pairs at 2024-09-13 10:00 (UTC).
Binance Pay
At 2024-09-06 03:00 (UTC), Binance will remove MATIC from the list of supported cryptocurrencies on Binance Pay.
Convert Low-Value Assets
Convert Low-Value Assets will delist MATIC at 2024-09-08 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
Buy & Sell Crypto
At 2024-09-09 03:00 (UTC), Buy & Sell Crypto will delist MATIC and all associated pairs.
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-08-28