Binance Backs Neutron and Polygon Upgrades; Temporarily Suspends Deposits and Withdrawals

Binance, the world's largest cryptocurrency exchange by trading volume, has announced its support for the upcoming network upgrades and hard forks of Neutron (NTRN) and Polygon (POL). The exchange will temporarily suspend token deposits and withdrawals during the upgrade processes to ensure the safety of users' assets.

Neutron (NTRN) is expected to undergo a network upgrade at block height 19,947,000, which is estimated to occur at 22:00 on February 12, 2025, GMT+8. Binance will suspend NTRN token deposits and withdrawals at 21:00 on the same day to prepare for the upgrade.

Polygon (POL) will experience a network upgrade and hard fork at block height 22,393,043, which is estimated to occur at 18:00 on February 13, 2025, GMT+8. Binance will suspend POL token deposits and withdrawals at 17:00 on the same day to accommodate the hard fork.

The network upgrades and hard forks are crucial for the development and improvement of the respective blockchains. These upgrades often introduce new features, enhance security, and improve overall performance. Binance's support for these upgrades ensures that users can continue to access and trade these tokens seamlessly after the upgrades are completed.

As the cryptocurrency market continues to evolve, exchanges like Binance play a vital role in facilitating the adoption and growth of new technologies. By supporting network upgrades and hard forks, Binance demonstrates its commitment to the long-term success of the blockchain ecosystem.