BitMEX Users to Experience Changes Amid MATIC to POL Migration

BitMEX has introduced vital modifications for its customers in response to the upcoming Polygon community migration. Beginning September 4, 2024, the platform will help the brand new POL token, which can substitute MATIC because the native fuel and staking token for Polygon’s Proof-of-Stake (PoS) chain, in accordance with a BitMEX Weblog.

Zero Withdrawal Charges for MATIC (ERC-20)

To facilitate this transition, BitMEX is enabling zero community charges for any MATIC (ERC-20) withdrawals efficient August 27, 2024. The platform urges present MATIC holders to withdraw their tokens from BitMEX wallets as quickly as attainable to keep away from issues in the course of the migration.

Delisting of MATIC Contracts

In preparation for the migration, BitMEX will delist all MATIC contracts, together with Spot, Perpetual, and Convert contracts, on September 3, 2024. This transfer goals to streamline the transition to POL tokens and reduce disruption for customers.

Assist for POL on Polygon

Following the migration on September 4, 2024, BitMEX will help the POL token on the Polygon community solely. The platform will not help MATIC or POL tokens on the Ethereum (ERC-20) community. Moreover, BitMEX plans to checklist new contracts for the POL token, providing customers a seamless transition and continued buying and selling alternatives.

Steps for Customers

BitMEX has offered detailed directions for customers to navigate the migration course of. Customers are suggested to learn the total particulars on the implications of this migration and the mandatory steps on the BitMEX Weblog.

For any queries or extra help, customers can contact BitMEX Assist via the platform’s official contact web page.

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