CandleFocus Coinbase Resumes Polygon Support After POL Migration
2024-09-11
Author: Content Editor
Coinbase has announced that it has restored services for Polygon (MATIC) on its platform under the new POL ticker. Coinbase initially paused transactions for Polygon's MATIC token to facilitate the migration to the new ticker. Users can now send, receive, and trade the POL token on Coinbase. Additionally, Coinbase has enabled support for other assets such as VOXEL, USDC, CBETH, and WETH on Polygon. The upgrade from MATIC to POL was initiated by the community and is part of Polygon's roadmap to upgrade to an aggregated blockchain. However, despite the upgrade, the price of POL has been on a downward trend and is currently down 12% in the past month.
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