Following a significant improve on the Polygon community, main U.S.-based cryptocurrency change Coinbase has formally delisted Polygon (MATIC) from its crypto buying and selling choices, in response to a current X post.
The transfer, which had been earlier introduced to the Coinbase group, has seen the change 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 change 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 will probably be executed in the course of the interval and common crypto operations can then resume upon the completion of the migration.
Following the delisting of MATIC from Coinbase, the change additional revealed that it’s going to routinely convert all present MATIC balances, together with staked belongings to POL in the course of the migration window.
Previous to this, the change 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 solely accessible on the change, Coinbase urged that customers would wish to activate the service by sending their Polygon (MATIC) to a appropriate self-custody pockets earlier than October 14th.
Because the supply is now closed, solely customers who’ve duly adopted the instruction could have their present MATIC holdings routinely 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 value 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 change 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 change 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 will probably 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 change additional revealed that it’s going to routinely convert all present MATIC balances, together with staked belongings, to POL in the course of the migration window.
Previous to this, the change 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 could 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 solely accessible on the change, Coinbase urged customers to activate the service by sending their Polygon to a appropriate self-custody pockets earlier than October 14.
Because the supply is now closed, solely customers who adopted the directions appropriately could have their present MATIC holdings routinely 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 value to $0.1997 as of writing time, in response to data from CoinMarketCap.
