Deposits & withdrawals [Coinone] Polygon network: deposits and withdrawals temporarily suspended (from Nov 3 18:00 KST)

What it means CoinGaja’s explanation from the title and public data, not the notice text

What stops

Coinone is pausing deposits and withdrawals of coins on the Polygon network. Trading on Coinone itself usually goes on; the original notice says whether trading stops too.

Why

The notice names network work (an upgrade, a hard fork or a mainnet change). While a coin’s blockchain itself is changing, an exchange cannot handle transfers safely, so it pauses them.

Effect on prices

With transfers blocked, traders cannot bring coins in from other exchanges to close price gaps (arbitrage). While the pause lasts, the price on Coinone can drift further than usual from Upbit or from overseas prices, and the gap often closes quickly once transfers reopen. Check the transfer status before trading on the kimchi premium alone.

When it reopens

Coinone announces the reopening separately or by updating this notice.

The notice itself is in Korean. Check the original notice for the exact schedule and conditions.