Massive Binance Update: MATIC to POL Swap & MATIC Trading Pairs Delisting! 🚨
Attention, crypto enthusiasts! Binance is preparing for a major transition as it supports the Polygon (MATIC) token swap to Polygon (POL). Starting **September 10, 2024, at 03:00 UTC**, Binance will **delist all existing MATIC spot trading pairs** and **cancel all pending MATIC orders**. This move comes ahead of the **September 13, 2024, launch of new POL trading pairs**, including POL/BNB, POL/BTC, and POL/USDT.
As the countdown begins, here’s what you need to know:
⚠️ **MATIC Deposits & Withdrawals**: Will be suspended on **September 10, 2024, at 03:30 UTC**. Binance will notify users when POL deposits and withdrawals become available. **MATIC will be swapped to POL at a 1:1 ratio**.
⚠️ **Futures Contracts**: All MATICUSDT and MATICUSDC Perpetual Contracts will automatically close and settle on **September 4, 2024, at 09:00 UTC**. Binance recommends closing positions before delisting to avoid automatic settlement.
⚠️ **Margin & Loans**: MATIC will be removed from Margin Trading on **September 5, 2024, at 11:00 UTC**. All MATIC positions in Binance Loans will close, so repay your loans by **September 4, 2024, at 03:00 UTC** to prevent potential losses.
⚠️ **Simple Earn & Dual Investment**: Support for MATIC Flexible and Locked Products will end on **September 9, 2024, at 03:00 UTC**. All assets will be redeemed to Spot Wallets, and new POL products will launch after the swap.
This is an exciting time in the crypto space, with the **MATIC to POL transition** representing a significant upgrade for Polygon. Prepare for the future of Polygon on Binance—get ready for the changes and adjust your portfolios accordingly!