Coinbase Adds Support for Polygon’s Rebranded Token POL

Coinbase, a leading U.S. crypto exchange, has announced support for Polygon's rebranded token, the Polygon Ecosystem Token (POL).

The token, previously known as MATIC, will be available on Coinbase under an experimental label, signaling potential high price volatility or low trading volume.

Coinbase had earlier indicated the addition of POL to its listing roadmap, a move aimed at transparency and preventing market manipulation.

The rebranding from MATIC to POL was proposed in July as part of a strategy to enhance Polygon’s network usage and foster growth.

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Polygon Labs founder, Sandeep Nailwal, explained that POL would enable multi-chain staking with reduced risks, aligning with Polygon 2.0’s vision of creating a network of interconnected layer-2 chains.

As part of this transition, POL will replace MATIC as the primary staking and gas token for the Polygon ecosystem. The community will eventually decide whether to broaden POL’s use cases.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.