MATIC is Coming to BitMEX

MATIC is on BitMEX ecosystem

Fans of Polygon – this is for you. MATIC is coming to the BitMEX ecosystem.

BitMEX is launching MATIC (ERC-20) support soon, which means you’ll soon be able to:

  • Buy MATIC with 36 fiat currencies.
  • Convert Tether (ERC-20) to MATIC and vice versa with no hidden fees and no need to worry about slippage.
  • Deposit and withdraw MATIC from your BitMEX wallet.
Note: The minimum amount you can withdraw/deposit is 7 MATIC.

Coming soon: At the beginning of Q2 2022, BitMEX Spot Spot will launch ApeCoin, Bitcoin, Ethereum, MATIC, Tether, and a growing list of tokens that can be traded on BitMEX’s spot from day one traded.

Go to BitMEX Official Website

What is MATIC?

Launched in late 2017, MATIC is an ERC-20 token that powers the entire Polygon Network, a blockchain scalability platform for connecting and building Ethereum-compatible blockchain networks.

MATIC is one of the top 20 cryptocurrencies by market cap and is used to drive the growth of the entire Polygon network. The token can be used to pay for gas, as well as for staking and governance. According to CoinMarketCap, MATIC currently has a circulating supply of 4,877,830,774 tokens, with a maximum supply of 10,000,000 tokens.

Invest in MATIC on BitMEX

About the Polygon Network

Polygon is a layer 2 solution, meaning it acts as an additional layer to Ethereum. Another example of a second layer solution is the Bitcoin Lightning network, which reduces Bitcoin’s transaction costs.

The Polygon Network positions itself as the “Internet of Blockchains” because it can connect any blockchain interoperable with Ethereum and use it to reduce transaction costs and increase speed. However, Polygon is not the only project aiming to increase the speed of Ethereum transactions. Other rival blockchains include Avalanche, Solana and Cosmos.

BitMEX has been working hard behind the scenes to improve the accessibility of BitMEX’s platform. In the coming weeks, BitMEX will support more cryptocurrencies in preparation for the long-awaited launch of BitMEX Spot Spot.

Go to BitMEX Official Website