This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce that Polygon (POL) will be added to Binance Simple Earn, "Buy Crypto", Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest at the respective dates and timings listed below.
Earn
POL Simple Earn Flexible and Locked Products will be listed on Binance Simple Earn at 2024-09-13 10:00 (UTC) and will be available for subscription.
From 2024-09-16 10:00 (UTC), users may purchase POL using any of the payment options supported on Binance Auto-Invest.From 2024-09-16 06:00 (UTC), POL Dual Investment will be available for subscription.
Buy & Sell Crypto
Users can buy POL with VISA, MasterCard, Google Pay, Apple Pay, or buy and sell POL with their wallet balances on the “Buy Crypto” page, available within one hour of POL being listed on Binance Spot.
Convert
Users will be able to start trading POL against BTC, USDT, and any other tokens on Binance Convert at zero fees within one hour of POL being listed on Binance Spot.
Margin
Binance Margin will add POL as a new borrowable asset on Cross and Isolated Margin, as well as the POL/USDT, POL/USDC and POL/FDUSD pairs on Cross and Isolated Margin at 2024-09-13 12:00 (UTC)
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.
Futures
Binance Futures will launch the USDⓈ-M POL Perpetual Contract at 2024-09-13 12:15 (UTC), with up to 75x leverage.
More details on the USDⓈ-M POL Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual ContractPOLUSDTLaunch Time 2024-09-13 12:15 (UTC)Underlying AssetPolygon (POL)Settlement AssetUSDTTick Size0.0001Capped Funding Rate+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursMaximum Leverage75xTrading Hours24/7Multi-Assets ModeSupported
Please Note:
The maximum funding rate of the POLUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours.
TimeMax Funding Rate2024-09-13 16:00 (UTC)+2.00% / -2.00%2024-09-13 20:00 (UTC)+2.00% / -2.00%2024-09-14 00:00 (UTC)+2.00% / -2.00%2024-09-14 00:00 (UTC)+2.00% / -2.00%……
Based on market risk conditions, Binance may adjust the specifications of the POLUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the POLUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the POLUSDT Perpetual Contract. The POLUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Guides & Related Materials:
How to Buy Crypto with Credit/Debit CardHow to Use Binance ConvertHow to Use Short on Margin TradingHow to Use Long on Margin TradingTrading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts
Binance Futures Fee StructureWhat Is Auto-Invest and How to Use It
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-09-13
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.

Polygon’s native cryptocurrency has executed a key technical upgrade aiming to enhance its utility and usher in Polygon 2.0.

Polygon’s (MATIC) token was upgraded to the new POL token on a 1:1 basis, becoming the network’s native gas and staking token as of Sept. 4, according to an announcement shared with Cointelegraph.

The upgrade will better enable the community to participate in the network’s growth, according to Marc Boiron, the CEO of Polygon Labs. Boiron told Cointelegraph in an exclusive:

“Now that there are 2% emissions being introduced through this upgrade, it's going to give an opportunity for the community to participate… Technically even though the full migration hasn't happened, [season 1 of the community grants program] created some emissions that the community's been able to use.”

Polygon Labs CEO Marc Boiron, Interview with Cointelegraph’s Zoltan Vardai. Source: YouTube

Polygon’s token is the world’s 21st largest cryptocurrency with a $3.7 billion market capitalization. The upgrade follows a year of in-depth community discussions and consensus and is part of Boiron’s wider plans for Polygon 2.0.

POL is becoming a “hyperproductive” token

The second-biggest reason for the technical upgrade was to make POL a hyperproductive token, according to Boiron.

The Polygon Labs CEO explained:

“POL goes one step further and as it gets kind of embedded in the different things in the Polygon Network, it becomes hyperproductive in the sense that it can actually earn fees from multiple different sources.”

While MATIC was only earning fees from gas and staking, the new POL token will also earn fees from additional actions, such as staking to secure data availability or decentralizing a sequencer, with more fee-generation options on the horizon.

Boiron called this hyperproductive token the next evolution of Ether (ETH), which is only able to earn gas fees from transactions.

MATIC to POL migration: What you need to know

While the migration was finalized on Sept. 4, MATIC holders have no hard deadline for upgrading their tokens. All the staked MATIC will be automatically converted into POL without any additional action required.

Matic to Pol upgrade. Source: Polygon

The testnet upgrade was successfully executed on July 17.

The new POL token will also be embedded in Polygon’s AggLayer, short for aggregation layer, which is similar to a cross-chain interoperability protocol aiming to connect siloed blockchains.

The technical migration is a crucial part of the vision of Polygon 2.0 — the Polygon CDK and AggLayer’s final evolution that aims to provide “infinite scalability” to unify all blockchains, including Layer-1s like Ethereum and Bitcoin.

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