Upbit Announces Precautionary Service Pause for Polygon Assets
In a proactive move to ensure user fund security, Upbit, a major South Korean digital asset exchange, has notified its users of an upcoming temporary suspension of deposit and withdrawal services for assets on the Polygon network.
Schedule and Scope of the Temporary Halt
The suspension is scheduled to commence at 20:00 Korea Standard Time (KST) on May 21, 2026. This decision is directly tied to a planned hard fork upgrade on the Polygon mainnet. To prevent any potential issues during the network transition, Upbit will disable on-chain transactions for affected tokens ahead of time.
The list of assets impacted includes:
- Polygon Ecosystem Token (POL)
- STEPN's GMT token
- All NFT assets issued on the Polygon blockchain
Trading Activities to Continue Uninterrupted
Upbit clarified that this measure only affects the movement of assets to and from the blockchain. All spot trading functions for POL, GMT, and other related assets within the Upbit platform will remain fully operational. Users can continue to buy, sell, and manage their orders without restriction.
The exchange stated that full deposit and withdrawal services will be reinstated only after the Polygon network upgrade is successfully completed and deemed stable. A follow-up announcement will be made to notify users once services resume. This precautionary step underscores the exchange's commitment to prioritizing asset safety during significant network events.