Is Matic backed by Coinbase?

Formerly called Matic Network, it was founded by Kanani, Sandeep Nailwal and Anurag Arjun in late 2017, with Serbian engineer Mihalio Bjelic joining later as a cofounder.

While many cryptocurrencies like Bitcoin, Ethereum, Tether, etc., have been continuously witnessing highs and lows in the last few months, MATIC, an Indian-origin cryptocurrency that has been under the radar for a long time, has gained huge prominence in the crypto space and many savvy investors are on the lookout for …

Coinbase supports Polygon (MATIC) transactions via the Ethereum network .