Bybit to Support POL Polygon Migration on September 12th
CryptoNewsTerminal Staff02 Sep, 2024
Bybit to Support POL Polygon Migration on September 12th
Bybit, a well-known cryptocurrency exchange, has revealed its support for the upcoming Polygon (MATIC) migration to the new POL token. This migration is scheduled to commence on September 12th, 2023, at 05:00 PM (UTC), with a migration ratio set at 1 MATIC = 1 POL. Bybit users holding MATIC on the platform will have their tokens automatically converted to POL during the migration period. Following the migration, POL will replace MATIC as the primary token for the Polygon network. This migration aims to enhance the Polygon network's scalability, security, and efficiency, providing users with an improved overall experience. Bybit's support for this migration demonstrates its commitment to providing users with the latest developments within the cryptocurrency industry.
