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June 26, 2022
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Binance fully integrates the Polygon (MATIC) token wallet

The world’s largest cryptoactive exchange, Binance fully integrates the Polygon token (MATIC) wallet.

The world’s largest exchange, Binance, has announced that it has completed portfolio integration for the mainnet Polygon (MATIC) token. Furthermore, it also opened deposits and withdrawals for MATIC.

Firstly, this means that traders at Binance can deposit and withdraw MATIC through their Binance accounts. What’s more, they can also interact with decentralized apps, or DApps, such as Sushiswap, Balancer, Aave and more.

In addition to supporting deposits and withdrawals of mainnet MATIC tokens, Binance also aims to support deposits and withdrawals of ERC20 , BEP2 and BEP20 MATIC tokens.

  • Binance fully integrates the wallet for the Polygon (MATIC) token.

Polygon solves obstacles associated with blockchains, such as high gas rates and slow speeds, without sacrificing security. Therefore, this integration aims to ensure that traders can use said DApps economically and efficiently, without using the existing Polygon bridge.

On the other hand, Polygon also released blockchain and NFT Studio games. The company presented two initiatives. First, there is Polygon Gaming Studio. With this, the company intends to help developers to create and market decentralized games.

Next is Polygon NFT Studio. Specifically, it aims to help brands and intellectual property owners launch personalized digital products and markets.

“With the launch of Polygon Studios, games get 360 degree build support, big brands and much appreciated franchises can be launched on Polygon, and players can enjoy a new game world to gain opportunities and decentralized games” .

The CEO and founder of the largest crypto-asset exchange said he is willing to step down as CEO of Binance. This occurs amidst Binance which faces more regulatory pressure. Furthermore, Binance has just been banned in Malaysia. You have 14 days to close operations in the region.

Source: CoinQuora

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