Coinbase, the largest US-based crypto exchange, has announced that it will now support Polygon’s (MATICThe Polygon Ecosystem token (POL).
Coinbase Assets has released a brand new announcement. says It’s adding POL with a label that says it may display high volatility in price or low trading volumes.
Coinbase recently announced that they would be launching a new mobile app. added The token was added to the listing roadmap in 2022, created for transparency as well as to stop digital assets from being a frontrunner.
The rebranding of MATIC to POL came first proposed Last July, the move was made to increase network usage and growth. Sandeep Nailwal said about a month after the switchover that it was part of the move towards greater interoperability.
Nailwal said at that time.
“POL delivers the benefits of multi-chain staking without the added risks of restaking. With the Polygon 2.0 proposal, the Polygon Ecosystem will expand from a single chain to an ecosystem of L2s (layer-2s) that can easily interoperate and share liquidity with each other.”
Prior to this, it had been revealed that POL and MATIC would no longer coexist. Instead, POL was going to take over the role of native gas and staking token within the ecosystem. In the future, it will be up to the community whether POL will have more use cases.
POL is trading at $0.37 as of the time this article was written, which represents a drop of 4% in the past 24 hours.
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