Bitcoin Exchange Binance Will Support Swaps in This Popular Altcoin!

Popular cryptocurrency exchange Binance has shared an important announcement today. Announcing that it will support the swap of tokens in Polygon (MATIC), one of the biggest projects in the cryptocurrency sector, Binance shared that it will fulfill all the tasks that fall on users.

Polygon (MATIC) will be rebranded as Polygon (POL) in the coming period. Binance shared the following information in its announcement on the subject:

Binance will support the swap of Polygon (MATIC) tokens with Polygon (POL).

MATIC tokens will replace POL tokens on Binance. All MATIC tokens will be converted to POL at a rate of 1 MATIC = 1 POL.

On 2024-09-10 06:00 (UTC), Binance will delist all existing MATIC spot trading pairs (i.e. MATIC/BNB, MATIC/BRL, MATIC/BTC, MATIC/ETH, MATIC/EUR, MATIC/FDUSD, MATIC/JPY, MATIC/TRY, MATIC/USDC, and MATIC/USDT) and cancel all pending MATIC spot trading orders.

On 2024-09-13 13:00 (UTC), Binance will open trading for POL/BNB, POL/BRL, POL/BTC, POL/ETH, POL/EUR, POL/FDUSD, POL/JPY, POL/TRY, POL/USDC, and POL/USDT trading pairs.

Deposits and Withdrawals:

Deposits and withdrawals of MATIC tokens will be suspended on 2024-09-10 03:30 (UTC). Please ensure that you allow enough time for your MATIC token deposits to be fully processed before this date.

Binance will make a separate announcement to inform users when deposits and withdrawals of POL tokens will be opened after the event is complete.

Withdrawals of MATIC tokens will no longer be supported after the event is complete.

Binance will meet all technical requirements of users participating in this event.