Altcoin
Polygon (POL) Skyrockets 15% As Binance Announcement Sparks Optimism
Polygon’s native token POL (ex-MATIC) nabbed significant investor attention on Friday as crypto exchange behemoth Binance issued a vital announcement. Notably, the exchange revealed plans to add the token to Earn, Buy Crypto, Convert, Margin, and Futures products, reverberating optimism surrounding the coin’s future price movements. Simultaneously, POL price jumped nearly 15% after the crypto exchange announced various listings for the token.
Binance Adds Polygon To Its Stockpile Of Offerings
In an official announcement by Binance dated September 13, the CEX revealed that it is extending support for a plethora of Polygon (POL) listings. As per the announcement, POL simple earn flexible and locked products will be available to users starting September 13 at 10 UTC. Further, users may purchase the asset using any payment options supported on auto-invest starting September 16 at 10 UTC.
Also, “users can buy the crypto with VISA, MasterCard, Google Pay, and Apple Pay,” the CEX added. In addition, the announcement revealed that Polygon will be added as a new borrowable asset on Cross and Isolated margins. POL/USDT, POL/USDC, and POL/FDUSD pairs on Cross and Isolated Margin will be available as of today at at 12 UTC.
Simultaneously, the top crypto exchange will also launch a USD-Margined perpetual contract for Polygon today at 12:15 UTC. Users can enjoy up to 75x leverage trading the asset. The maximum funding rate of the POLUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%, per the announcement.
Meanwhile, in another announcement, the crypto exchange revealed that it has concluded Polygon (MATIC) token upgrade POL. Spot trading has commenced for POL/BNB, POL/BRL, POL/BTC, POL/ETH, POL/EUR, POL/FDUSD, POL/JPY, POL/TRY, POL/USDC, and POL/USDT starting today at 10 UTC.
Altogether, the crypto exchange’s plans to enhance POL offerings garnered considerable investor optimism surrounding the token.
POL Token Soars 15%
At the time of reporting, POL price soared nearly 15% to trade at $0.4341. The coin’s intraday low and high were registered to be $0.372 and $0.4219, respectively.
Polygon’s 24-hour trading volume noted a whopping 622% uptick over the last day. Further, the coin’s market cap surged 15% to $3.08 billion, underscoring increased interest in the asset among traders.
Intriguingly, this price upswing primarily falls in line with Binance’s listings mentioned above. As seen previously, AERGO price soared remarkably with its futures listing on the CEX on September 10. Subsequently, AERGO price gained nearly 9% to date, in turn sparking optimism over POL’s price movements ahead.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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