Bithumb to Suspend POL Deposits/Withdrawals During Polygon Mainnet Upgrade
Bithumb will temporarily suspend all POL deposits and withdrawals starting 10:00 a.m. UTC on April 8, 2025, citing Polygon’s scheduled mainnet upgrade. POL trading on Bithumb’s internal spot market will continue, but users won’t be able to send POL to or receive POL from external wallets during the maintenance window.
Bithumb plans to resume once it confirms network stability after the upgrade, and it typically expects the pause to last several hours. Traders are advised to complete urgent POL transfers before 10:00 a.m. UTC and verify transaction confirmations in advance. BTC and ETH are expected to be unaffected.
This is standard exchange practice during protocol changes to reduce deposit/withdrawal conflicts and security risks, so traders should expect short-term operational friction without a direct signal on Polygon network failure.
Neutral
The news is operational rather than fundamental for POL price. By pausing POL deposits/withdrawals, Bithumb may reduce near-term outflows/inflows to exchanges, which can create short-term liquidity friction or price wiggles around the maintenance window. However, spot trading remains open, limiting disruption to price discovery. Both summaries stress this is standard safety practice to avoid transaction conflicts during a network upgrade, not evidence of network failure.
In the long run, the upgrade itself could be neutral or incremental for POL, but the article provides no clear performance or tokenomics catalyst. Overall, traders are more likely to manage execution risk (timing, confirmations, wallet transfers) than to see a directional price move solely from the suspension.