Matic Price - MATIC/NZD : $1.06602

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Order book MATIC / NZD

MATIC: NZD 1.13887
Nzd
Nzd
Matic
Matic
Payment method
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Buy Matic
MATIC: NZD 1.03640
Matic
Matic
Nzd
Nzd
Withdrawal options
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What is Matic (MATIC)?

Polygon (formerly known as Matic Network) is a protocol for developing and connecting Ethereum-compatible blockchain networks. It is a layer 2 (L2) scaling solution designed to improve the overall adoption of the Ethereum blockchain. Polygon’s scaling solution supports a complete multi-chain ecosystem, ensuring that there is interoperability amongst one another and the Ethereum network.

With Ethereums current proof-of-work consensus protocol, the network can suffer from congestion, slow transaction speeds and low throughput. This can often lead to high gas fees (transaction fees) for users. Polygon has swiftly become a prominent feature amongst numerous DeFi protocols with multi-platform adoption continuing each day. Dampening such network effects, Ethereum users seeking a fluid DeFi experience (i.e low fees and fast transaction times) are adopting Polygon.

Frequently asked questions

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How we treat client assets

No commingling of customer funds: we keep client assets completely separate from our own.

1:1 reserves

We maintain a full 1:1 reserve of all client fiat and crypto assets.

We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.

Audited

Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.

Segregated funds

We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.

We keep your assets safe. That is our promise.

Sole custodian

Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.

We adhere to industry best practices and never lend or trade your assets.

Learn about our security