Bithumb Halts POL Deposits/Withdrawals from Dec 9 for Polygon Network Upgrade

Published: 2025-12-05 03:44:38 |

Bithumb will suspend POL (Polygon) deposits and withdrawals starting 02:00 UTC on December 9 to support a scheduled Polygon network upgrade. The halt is a precautionary security measure; POL holdings on Bithumb remain secure and spot trading of POL on the exchange will continue. Users are advised to complete any necessary deposits or withdrawals before the 02:00 UTC deadline because transactions sent during the suspension may not be credited immediately and could require manual processing after services resume. Bithumb did not specify the exact duration of the suspension — it will depend on upgrade complexity and testing — and will announce resumption via its official channels. Traders should monitor Bithumb notifications, avoid sending POL during the suspension, and plan transfers around the maintenance window. Primary keywords: Bithumb, POL, Polygon network upgrade, deposit suspension.

Neutral

This suspension is a routine, planned maintenance action to support a Polygon network upgrade. It limits on-chain movement (deposits/withdrawals) but leaves on-exchange trading intact, so immediate liquidity for POL on Bithumb remains available. Historically, exchange pauses for chain upgrades have been neutral for price direction unless accompanied by security incidents or prolonged downtime. Short-term effects could include minor volatility or arbitrage opportunities across exchanges if external markets accept deposits/withdrawals while Bithumb does not. Risk of delayed credited deposits may temporarily reduce inflows to Bithumb, slightly dampening buy pressure on the exchange. Long-term impact is likely neutral-to-positive if the upgrade improves Polygon’s performance or security, which can support healthier fundamentals. Traders should avoid sending POL during the window, monitor order books for any spread changes, and watch for cross-exchange flows when withdrawals resume — typical strategies include using other exchanges for time-sensitive transfers and being prepared for brief volatility at service resumption.