Coinbase, a leading cryptocurrency exchange, today announced the upcoming listing of the Polygon Ecosystem Token (POL) and a migration from the current Polygon ticker (MATIC) to POL.
Starting August 26th, Coinbase will begin migrating the Polygon ticker from MATIC to POL on the Polygon Network. During this migration period, which will last until September 10th, send/receive functions will be temporarily disabled for MATIC on the Polygon Network.
On September 4th, Coinbase will add support for POL on the Ethereum network. Customers who currently have MATIC staked through Coinbase will be able to continue staking and receiving rewards without interruption.
Important Notes for Users
- During the ticker upgrade period (August 26th – September 10th), users are advised to refrain from depositing MATIC on Polygon PoS.
- Send/receive functions will also be disabled for other tokens on Polygon during the update, including VOXEL, USDC, CBETH, and WETH.
- In the coming months, Coinbase plans to complete the migration from MATIC to POL on behalf of its users. Details regarding the migration of Coinbase balances and the timeline for conversion will be provided in due course.
- Following the launch of POL ERC-20, trading for both MATIC and POL on Ethereum will continue to be supported until further notice.
