OKX, a leading global cryptocurrency exchange and Web3 technology company, has confirmed its support for the upcoming migration of MATIC tokens to POL, aligning with Polygon's official roadmap. The transition, scheduled to begin on August 30, 2024, involves critical milestones for users, including trading halts, token conversions, and new trading pairs.
Key Dates and Migration Details
Token Migration Timeline
- August 30, 2024: MATIC deposits/withdrawals suspended on Polygon PoS Network.
- Early September 2024: POL deposits/withdrawals enabled via ERC20 Mainnet.
- September 4, 2024: Launch of POL/USDT and POL/USDC spot trading pairs.
- September 9, 2024: Delisting of MATIC trading pairs and futures; automatic 1:1 conversion of MATIC to POL.
User Actions Required
OKX advises users to:
- Settle outstanding margin trades or loans before deadlines.
- Monitor official announcements for real-time updates.
👉 Explore OKX’s migration guide for step-by-step instructions.
Why This Migration Matters
The shift from MATIC to POL reflects Polygon’s broader ecosystem upgrade, enhancing scalability and interoperability. OKX’s seamless integration ensures minimal disruption for traders and institutional clients.
FAQs
1. Will my MATIC tokens automatically convert to POL?
Yes. On September 9, 2024, all MATIC holdings in OKX accounts will convert to POL at a 1:1 ratio without user intervention.
2. Can I trade MATIC after September 9?
No. MATIC trading pairs and perpetual futures will be delisted. Use POL for continued trading.
3. Are POL deposits available before September 4?
Only via ERC20 Mainnet in early September. POL trading goes live on September 4.
4. How does this affect margin positions?
OKX will adjust margin parameters. Close open positions to avoid liquidation risks.
About OKX
A pioneer in blockchain technology, OKX prioritizes accessibility, security, and transparency. Its suite of products—including the OKX Exchange, Wallet, and Institutional Services—caters to 20+ million users worldwide.
👉 Visit OKX’s Proof of Reserves for audited financials.
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