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According to the latest development, cryptocurrency exchange Coinbase has added the Polygon Ecosystem Token (POL) altcoin to its roadmap for listing.
The official statement made by Coinbase included the following statements:
Polygon (MATIC) has announced that it is switching to a new token, (POL). Coinbase will add support for POL on the Ethereum network on September 4th. Customers who currently stake MATIC through Coinbase will be able to continue staking and earning rewards.
In the coming months, Coinbase plans to complete the migration from MATIC to POL on behalf of users. We will provide details on the migration of Coinbase balances, including a timeline for the conversion, when available.
During the August 26-September 10 ticker update, please refrain from depositing MATIC via the Polygon PoS network. During the update, sending/receiving for tokens on Polygon will also be disabled: VOXEL, USDC, CBETH, and WETH.
*This is not investment advice.