- Binance Expands Support for Polygon (POL)
- Migration from MATIC to POL Complete
- Growing Market Optimism Surrounds POL
Polygon's (POL) price surged 15% after its listing on Binance. The article details the upgrade and its impacts.
Binance Expands Support for Polygon (POL)
On September 13, Binance announced support for several Polygon (POL) offerings across various products. From 10:00 UTC, POL became available for Simple Earn flexible and locked products. The token can also be purchased using various payment methods including VISA, MasterCard, Google Pay, and Apple Pay. POL was added to the list of borrowable assets on Cross and Isolated Margin with pairs like POL/USDT, POL/USDC, and POL/FDUSD. A USD-Margined perpetual contract for POL with up to 75x leverage was also opened.
Migration from MATIC to POL Complete
The switch from MATIC to POL marked a key event for Polygon. The project announced its planned upgrade in July, which was completed by September 4. This migration is part of their strategy to integrate with the AggLayer liquidity pool and adopt a Zero-Knowledge (ZK) chain. After the upgrade, the total supply of POL tokens remained at 10 billion with an annual emission rate set at 2%.
Growing Market Optimism Surrounds POL
Following Binance’s announcement and the successful migration, POL's price surged to $0.4341 from a previous low of $0.372. Analysts remain optimistic about POL's future, predicting a potential rally to $0.94 if key support levels hold.
The migration from MATIC to POL and the support from Binance and Coinbase are driving increased interest from investors and analysts. New developments and strategies show positive prospects for POL's future.
