Binance, the world's largest cryptocurrency exchange by trading volume, has announced planned support for two upcoming network upgrades, resulting in temporary suspensions of deposit and withdrawal services for the Moonbeam (GLMR) and Polygon (POL) networks.
Moonbeam (GLMR) Upgrade: According to an official notice, token deposits and withdrawals on the GLMR network will be temporarily halted starting May 20, 2026, at 3:00 PM UTC. The actual network upgrade is scheduled to occur approximately one hour later, at 4:00 PM UTC on May 20, at block height 15,689,298. Binance emphasized that all necessary technical operations will be handled on behalf of users, and trading of GLMR will continue uninterrupted throughout the process. Deposit and withdrawal services will be automatically reopened once the upgrade is complete and the network is confirmed stable, with no further announcements planned.
Polygon (POL) Upgrade: A separate notice confirmed a similar suspension for Polygon network tokens, including the native POL asset, effective at 1:00 PM UTC on May 21, 2026. The pause is a standard precaution to facilitate a scheduled hard fork and protocol upgrade aimed at improving scalability, security, and functionality. As with Moonbeam, trading of POL and other Polygon-based tokens on Binance will not be affected. Users are advised to initiate any necessary deposits or withdrawals well before the cutoff to avoid delays. The exchange expects services to resume automatically after the upgrade is verified, with no secondary announcements.
Both events reflect routine coordination between Binance and blockchain developers to maintain secure and efficient networks. Moonbeam, a smart contract platform on Polkadot with Ethereum compatibility, and Polygon, a leading Layer-2 scaling solution, continue to advance their infrastructure through such upgrades. Binance's support underscores the exchange's role in facilitating technical transitions while minimizing user disruption.
