Following a significant improve on the Polygon community, main U.S.-based cryptocurrency alternate Coinbase has formally delisted Polygon (MATIC) from its crypto buying and selling choices, in response to a latest X submit.
The transfer, which had been earlier introduced to the Coinbase neighborhood, has seen the alternate disable buying and selling for Polygon (MATIC) forward of the community’s token migration to Polygon Ecosystem Token (POL) on Tuesday, October 14.
Polygon stuns with main token migration
The event has come after Polygon, a number one Proof-of-Stake community, disclosed plans for a token improve that noticed it substitute MATIC with the POL token to function its new ecosystem token.
Whereas the transfer has seen Coinbase completely take away MATIC from its spot buying and selling choices, it revealed that it has additionally halted ship and obtain features for MATIC for a interval of three days, ranging from October 14 to 17, 2025.
The token migration might be executed throughout the interval and common crypto operations can then resume upon the completion of the migration.
Following the delisting of MATIC from Coinbase, the alternate additional revealed that it’s going to robotically convert all current MATIC balances, together with staked belongings to POL throughout the migration window.
Previous to this, the alternate had already disabled staking and unstaking companies for MATIC on October 7. Therefore, customers have been restricted from incomes staking rewards till after the migration interval.
After the migration is full, Coinbase customers will now have the chance to commerce, ship and obtain POL tokens whereas additionally resuming staking and unstaking actions for the brand new Polygon token.
Whereas the automated conversion of the token is completely out there on the alternate, Coinbase urged that customers would want to activate the service by sending their Polygon (MATIC) to a appropriate self-custody pockets earlier than October 14th.
For the reason that provide is now closed, solely customers who’ve duly adopted the instruction can have their current MATIC holdings robotically transformed to POL.
In response to the broad market massacre, the brand new Polygon (POL) token has declined by 5.3% over the past 24 hours, bringing its buying and selling worth to $0.1997 as of writing time, in response to information from CoinMarketCap.
The event follows Polygon’s earlier disclosure of plans for a token improve that may substitute MATIC with the POL token, serving as its new ecosystem token.
Whereas the transfer has led Coinbase to completely take away MATIC from its spot buying and selling choices, the alternate additionally revealed that it has halted ship and obtain features for MATIC for a interval of three days, from October 14 to 17, 2025.
The token migration might be executed throughout this era, and common crypto operations are anticipated to renew upon completion of the migration.
Following the delisting of MATIC from Coinbase, the alternate additional revealed that it’s going to robotically convert all current MATIC balances, together with staked belongings, to POL throughout the migration window.
Previous to this, the alternate had already disabled staking and unstaking companies for MATIC on October 7. Therefore, customers have been restricted from incomes staking rewards till after the migration interval.
After the migration is full, Coinbase customers can have the chance to commerce, ship, and obtain POL tokens, whereas additionally resuming staking and unstaking actions for the brand new Polygon token.
Whereas the automated conversion of the token is completely out there on the alternate, Coinbase urged customers to activate the service by sending their Polygon to a appropriate self-custody pockets earlier than October 14.
For the reason that provide is now closed, solely customers who adopted the directions appropriately can have their current MATIC holdings robotically transformed to POL.
In response to the broad market massacre, the brand new Polygon (POL) token has declined by 5.3% over the past 24 hours, bringing its buying and selling worth to $0.1997 as of writing time, in response to information from CoinMarketCap.
