Bithumb Halts POLYX Deposits and Withdrawals for Polymesh Network Upgrade

Bithumb, one of South Korea's largest cryptocurrency exchanges, has announced that it will temporarily halt POLYX deposits and withdrawals starting at 10:00 a.m. UTC on July 21 to facilitate an upcoming network upgrade on the Polymesh blockchain.

The Polymesh network is designed specifically for regulated security tokens, and the upgrade is expected to bring enhancements to network performance and security.

Although trading on Bithumb will continue as normal, users are advised to plan accordingly to avoid any disruptions during this time.