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 put up.
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 exchange 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 capabilities for MATIC for a interval of three days, ranging from October 14 to 17, 2025.
The token migration will likely be executed through 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’ll mechanically convert all present MATIC balances, together with staked property to POL through 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 obtainable on the alternate, 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 provide is now closed, solely customers who’ve duly adopted the instruction may have their present MATIC holdings mechanically transformed to POL.
In response to the broad market massacre, the brand new Polygon (POL) token has declined by 5.3% during the last 24 hours, bringing its buying and selling value to $0.1997 as of writing time, in response to knowledge from CoinMarketCap.
The event follows Polygon’s earlier disclosure of plans for a token improve that might exchange 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 capabilities for MATIC for a interval of three days, from October 14 to 17, 2025.
The token migration will likely 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’ll mechanically convert all present MATIC balances, together with staked property, to POL through 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 may 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 obtainable on the alternate, Coinbase urged customers to activate the service by sending their Polygon to a appropriate self-custody pockets earlier than October 14.
Because the provide is now closed, solely customers who adopted the directions appropriately may have their present MATIC holdings mechanically transformed to POL.
In response to the broad market massacre, the brand new Polygon (POL) token has declined by 5.3% during the last 24 hours, bringing its buying and selling value to $0.1997 as of writing time, in response to knowledge from CoinMarketCap.