• Binance has completed the integration of Polygon’s mainnet for deposits and withdrawals

  • Binance, a leading cryptocurrency exchange, has completed the integration of Polygon mainnet to facilitate deposits and withdrawals of the Ethereum-scaling network’s mainnet token.

    The MATC Mainnet Token is now supported by Binance.

    Binance users will now be able to deposit and withdraw using the MATIC mainnet coin, according to a press release shared with CryptoPotato on Friday.

    They’ll also be able to use a number of DeFi dApps, like SushiSwap, Aave, Curve, and Balancer, without needing to use the Polygon Ethereum Matic bridge and at a cheap cost.

    Binance has joined a growing list of respected crypto exchanges and wallet providers who have adopted Polygon’s mainnet, including Coinbase, OKEx, Huobi, and Trust Wallet.

    In addition to allowing users to deposit and withdraw MATIC’s mainnet token, Binance stated that ERC20, BEP2, and BEP20 MATIC tokens would continue to be accepted.

    Promoting Cryptocurrency Adoption

    Polygon, formerly known as Matic, is an Ethereum scaling and infrastructure project. With a long list of major players in its portfolio, the network is quickly becoming one of the most extensively utilized blockchains in the crypto business.

    Developers can use the project’s tools to create and connect numerous chains that are compatible with the Ethereum network. Infura, Metamask, Alchemy, Etherscan, and others currently support Polygon’s Proof-of-Stake (PoS) commit chain.

    Over 450 dApps are currently using the project’s scaling solutions, which it claims are built for flexibility and independence, with over 13.5 million unique users and 350 million transactions.

    Polygon has recently made the news. Following its announcement that it would create a general-purpose blockchain for standalone chains, sidechains, and other Layer-2 solutions, the project has formed a new blockchain unit aimed at expanding the worldwide decentralized gaming and NFT sectors.

    Polygon teamed with Wyre, a renowned blockchain payments platform, earlier this month to offer a fiat-to-USDC on-ramp to consumers all over the world.

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