Coincheck, a company owned by Monex Group, will add Polygon (MATIC) to its cryptocurrency trading platform, Coincheck, starting in August 2023.
The recently introduced cryptocurrency called Polygon (MATIC) will not be operating on the Ethereum network. Instead, it will have its own separate network called the Polygon chain, and its token will be called MATIC.
The Polygon chain is a type of blockchain known for its high speed, low fees, and adaptability. It has gained recognition for these features and has been utilized by various popular brands for their web3 projects. Polygon Labs, a non-profit organization, is working on the development of this blockchain. Their goal is to overcome the challenges faced by Ethereum and continuously improve the technology and explore new market opportunities.
Since October 2022, Coincheck has been selling NFTs on the Polygon chain through their “Coincheck NFT (beta version)” platform. Coincheck will allow users of their platform to use and experience the benefits of Polygon’s native tokens. Users may see MATIC on the platform before it is officially launched, but they will not be able to make transactions with it yet.
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