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MATIC rebrands to Polygon (MATIC) Crypto as Coinbase Pro Looks to List it Tomorrow

BLDE stock

BLDE stock

MATIC is getting listed on Coinbase Pro and will be available for trading from March 11, 2021.

MATIC has rebranded its name and will trade with a new name Polygon under the ticker MATIC. The digital coin has soared over 40% following the announcement of Coinbase Pro listing that is expected on March 11.


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With Bitcoin pushing towards $57,000 and analysts are expecting it to cross $60,000 this time around. Polygon (MATIC) might get a chance to get a good deal out of following the Coinbase Pro listing.

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What’s Next?

Polygon (MATC) is all set to go live on Coinbase Pro. The trading will go live from 9 PM PT from March 11, based on the stratification of liquidity conditions. On March 9, Coinbase Pro tweeted:

“Inbound transfers for MATIC, SKL, and SUSHI are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled.”

Investors have taken this news as a really promising factor for Polygon and this will certainly help in increasing the volume of MATIC in the coming time. Following the news, Polygon has soared over 40%.

One of the biggest crypto exchanges in the US will make MATIC able on its platform to be traded. Users would be able to trade MATIC in four different pairs including BTC, USD, EUR, and GBP.

This development has just come at the right time; the Bitcoin price is rising and signaling to breach $60,000. As we write this, BTC is trading around $57,211 up by 11%. While MATIC is trading just below $0.31, with a market cap of $1.507 billion.

The important factor at the moment is the trading volume. Currently, it’s up by 61.02% which is just values approximately over $859 million.

Another major development for Polygon is the strategic collaboration with Polkamarkets. Prior to the launch of Polkamarkets on Polkadot, they will initially activate on the Ethereum mainnet before migrating to the interoperable network.

Under the strategic deal, Polygon will support Polkamarkets achieve its target of being an interoperable platform “built on blockchains.” Moreover, the focal point to achieving this goal is to launch an efficient, accessible, and blockchain-compatible network. This network would have the capacity to entertain other network’s activity density beyond Polkadot.

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Conclusion

Matic Network has just switched its name to Polygon. The decision to rebrand will have an impact—a strategic—that will allow Polygon (MATIC) to focus on creating a multichain system akin to Polkadot on Ethereum. Polygon seems interesting, let’s see how things shape up for the digital asset in the coming weeks.

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