Attention, crypto enthusiasts! Binance is gearing up for a monumental shift 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**. The move comes ahead of the **September 13, 2024, launch of new POL trading pairs**âincluding POL/BNB, POL/BTC, and POL/USDT.
As the countdown begins, hereâs what you need to know:
â ď¸ **MATIC Deposits & Withdrawals**: Suspended on **September 10, 2024, at 03:30 UTC**. Binance will notify users when POL deposits and withdrawals are open. Remember, **MATIC will be swapped to POL at a 1:1 ratio**.
â ď¸ **Futures Contracts**: All MATICUSDT and MATICUSDC Perpetual Contracts will close and settle automatically on **September 4, 2024, at 09:00 UTC**. Binance urges users to close positions before delisting to avoid automatic settlement.
â ď¸ **Margin & Loans**: MATIC will be delisted from Margin Trading on **September 5, 2024, at 11:00 UTC**. Binance Loans will also close all MATIC positions, so repay your loans by **September 4, 2024, at 03:00 UTC** to avoid potential losses.
â ď¸ **Simple Earn & Dual Investment**: MATIC Flexible and Locked Products support will cease 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 a thrilling moment in the crypto space, with the **MATIC to POL transition** marking a significant upgrade for Polygon. Get ready for the future of Polygon on Binanceâbrace for the impact and prepare your portfolios!
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