Binance integrates Polygon’s POL into multiple products, fueling a 15% price surge and bolstering investor optimism. Polygon’s native token, POL (formerly MATIC), surged nearly 15% following a major
Binance integrates Polygon’s POL into multiple products, fueling a 15% price surge and bolstering investor optimism.
Polygon’s native token, POL (formerly MATIC), surged nearly 15% following a major announcement from Binance, one of the largest cryptocurrency exchanges. Binance revealed plans to integrate POL into various trading and investment products, including Earn, Buy Crypto, Convert, Margin, and Futures. The move has sparked significant investor optimism, with many viewing it as a positive indicator for the token’s future price growth and broader market adoption.
Polygon’s native token, POL (formerly MATIC), witnessed a significant price jump of nearly 15% following a major announcement from Binance on Friday. The leading crypto exchange revealed plans to add POL to its suite of products, including Earn, Buy Crypto, Convert, Margin, and Futures, creating optimism about the token’s future price movements.
In an official statement released on September 13, Binance announced the addition of Polygon (POL) to several of its services. Starting from September 13 at 10:00 UTC, users can access POL on flexible and locked Earn products, while auto-invest options will be available from September 16. In addition, users can purchase POL using popular payment methods like VISA, MasterCard, Google Pay, and Apple Pay.
The token will also be added as a borrowable asset on Cross and Isolated Margin, with trading pairs including POL/USDT, POL/USDC, and POL/FDUSD available starting at 12:00 UTC. Binance also announced the launch of a USD-margined perpetual contract for POL with up to 75x leverage, further expanding the token’s exposure.
In a separate announcement, Binance revealed the completion of Polygon’s MATIC token upgrade to POL, and spot trading for POL/BNB, POL/BTC, POL/ETH, and several other trading pairs began today at 10:00 UTC. This development, coupled with Binance’s extensive support for POL, has significantly boosted investor sentiment, with many anticipating continued upward momentum for the token.
Following Binance’s announcement, POL’s price surged by nearly 15%, reaching $0.4341. The token’s intraday low and high were recorded at $0.372 and $0.4219, respectively, reflecting heightened demand. POL’s 24-hour trading volume saw an impressive 622% increase, while the token’s market cap rose by 15% to $3.08 billion, underscoring growing interest from traders. Similar to AERGO’s significant price rise after its Binance futures listing, the market’s positive reaction to POL suggests strong confidence in further price gains ahead.
