Is Polygon Matic on Coinbase?

Founded in India as Matic Network back in 2017 , Polygon has boomed over the last two years. On 31 st January 2020, one MATIC (the coin Polygon uses) was a mere £0.02. By December 2021, it had hit a current all time high of £2.18.

The main source of confusion comes from the fact Polygon decided to retain the ticker MATIC for its native utility crypto token after the rebranding. This means the two words are interchangeable . Polygon is to Matic as Ethereum is to ETH.

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

Want to learn how to buy Polygon? You can buy MATIC on Coinbase and Dharma . The growing popularity of decentralized finance (and NFTs) has led to the largest blockchain networks becoming congested with transactions, resulting in high network fees.