Coinbase Pauses Polygon PoS Deposits and Withdrawals for Ticker Upgrade

IconCryptoNewsTerminal Staff23 Aug, 2024

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Coinbase Pauses Polygon PoS Deposits and Withdrawals for Ticker Upgrade

Coinbase has temporarily suspended Polygon Proof-of-Stake (PoS) withdrawals and deposits from August 26 to September 10 (local time) for a "ticker upgrade." The suspension affects Polygon PoS (MATIC) transactions only, while MATIC and POL withdrawals and deposits via the Ethereum network will remain available during this period. This ticker upgrade is expected to improve the accuracy and consistency of MATIC ticker symbols across Coinbase's platform. Coinbase urges users to complete any necessary Polygon PoS transactions before the suspension takes effect on August 26.