In a continued sign of commitment to technical evolution, Binance has announced that it will fully support Polygon’s upcoming network upgrade and hard fork, and will temporarily suspend deposits and withdrawals of tokens on the Polygon network to accommodate this maintenance.
Specifically, the upgrade — named the “Rio” upgrade — is scheduled for October 8, 2025, at block height 77,414,656. To facilitate this, Binance will suspend deposits and withdrawals for tokens on the Polygon network starting at ~13:12 UTC. Trading (spot) will continue normally.
Key technical upgrades
The Rio upgrade is positioned as a significant milestone in the wider “GigaGas” roadmap of Polygon, aiming to raise throughput and simplify node requirements. Among the notable protocol improvement proposals:
PIP-64 (Validator-Elected Block Producer): a redesign of block production control toward validator choice, improving decentralisation.
PIP-72 (Witness-Based Stateless Verification): enables validators to confirm blocks without storing the full state, reducing hardware burdens.
The upgrade aims to pave the way toward up to 5,000 TPS (transactions per second) — a large jump toward high-volume global use-cases such as real-world assets and payments.
What Binance users should know
For Binance account-holders, the announcement means:
✅ Trading of POL tokens remains unaffected during the deposit/withdrawal suspension. You can still buy or sell POL on Binance.
⚠️ Deposits and withdrawals on the Polygon network will be suspended from the stated time until the network is deemed stable after the fork. You should avoid initiating new deposits/withdrawals during this window to prevent delays.
📌 Timing considerations for Pakistani users (Asia/Karachi timezone): 13:12 UTC translates to about 18:12 PKT, so if you plan to move funds, consider doing so well ahead of that time.
🧭 No additional announcement for reopening: Binance has indicated that deposits/withdrawals will resume once the network is stable, but they may not publish a further announcement. So if you need to move funds, plan accordingly.
Why this matters
This upgrade and Binance’s support are significant for a few reasons:
It reinforces the commitment of Polygon to scale and evolve, which in turn may increase confidence among users and developers.
From Binance’s side, handling such technical events cleanly (via a deposit/withdrawal pause rather than full trading halt) speaks to their operational readiness and user-experience focus.
For token holders and traders, the ability to trade uninterrupted during a major network upgrade reduces one layer of risk. At the same time, the suspension of deposits/withdrawals adds a temporary liquidity-movement constraint that needs to be factored.
Risks & considerations
While trading remains open, the inability to move funds in or out temporarily means if you anticipate needing access (for example to move funds between exchanges or wallets), you should plan ahead.
After the upgrade, depending on how smoothly the network stabilises, there may be additional lag or delay before withdrawals reopen — users should monitor their positions accordingly.
Although the upgrade proposes increased performance (5,000 TPS etc.), ecosystem adoption and real-world usage still need to follow for meaningful value accrual — the upgrade is a necessary but not sufficient condition for success.
Conclusion
Binance’s recent announcement underscores that the Polygon ecosystem is moving into a new phase of architecture and scale, and that major exchanges are aligned to support the transition. For users of POL on Binance, the key take-away is that trading remains uninterrupted, but deposits/withdrawals will be temporarily paused during the upgrade window. If you hold POL or plan to transact, it’s prudent to act ahead of the suspension window and stay informed on the network’s stability post-upgrade.
