BitMEX Users to Experience Changes Amid MATIC to POL Migration

BitMEX
has
announced
significant
changes
for
its
users
in
response
to
the
upcoming
Polygon
network
migration.
Starting
September
4,
2024,
the
platform
will
support
the
new
POL
token,
which
will
replace
MATIC
as
the
native
gas
and
staking
token
for
Polygon’s
Proof-of-Stake
(PoS)
chain,
according
to
a

BitMEX
Blog.

Zero
Withdrawal
Fees
for
MATIC
(ERC-20)

To
facilitate
this
transition,
BitMEX
is
enabling
zero
network
fees
for
any
MATIC
(ERC-20)
withdrawals
effective
August
27,
2024.
The
platform
urges
existing
MATIC
holders
to
withdraw
their
tokens
from
BitMEX
wallets
as
soon
as
possible
to
avoid
complications
during
the
migration.

Delisting
of
MATIC
Contracts

In
preparation
for
the
migration,
BitMEX
will
delist
all
MATIC
contracts,
including
Spot,
Perpetual,
and
Convert
contracts,
on
September
3,
2024.
This
move
aims
to
streamline
the
transition
to
POL
tokens
and
minimize
disruption
for
users.

Support
for
POL
on
Polygon

Following
the
migration
on
September
4,
2024,
BitMEX
will
support
the
POL
token
on
the
Polygon
network
exclusively.
The
platform
will
no
longer
support
MATIC
or
POL
tokens
on
the
Ethereum
(ERC-20)
network.
Additionally,
BitMEX
plans
to
list
new
contracts
for
the
POL
token,
offering
users
a
seamless
transition
and
continued
trading
opportunities.

Steps
for
Users

BitMEX
has
provided
detailed
instructions
for
users
to
navigate
the
migration
process.
Users
are
advised
to
read
the
full
details
on
the
implications
of
this
migration
and
the
necessary
steps
on
the

BitMEX
Blog.

For
any
queries
or
additional
support,
users
can
contact
BitMEX
Support
through
the
platform’s
official
contact
page.

Image
source:
Shutterstock