Matic Price - MATIC/SGD : $0.93419
Order book MATIC / SGD
Buyers
Sellers
Cumulative market depth
Recent trades
Need more liquidity?
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
How to read the Matic price chart?
Trending cryptocurrencies
- BitcoinSgd86,710.10−1.49%
- EthereumSgd4,141.46−1.72%
- Tether USDSgd1.36940+0.71%
- USD CoinSgd1.36216+0.42%
- Ripple (XRP)Sgd0.70474+4.06%
- DogecoinSgd0.20871+1.25%
- SolanaSgd193.0737−1.43%
- CardanoSgd0.67374+7.32%
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 digital assets.
We hold the vast majority of digital assets in secure offline cold storage protected in underground vaults with maximum security.
Audited and licensed
We are the first crypto exchange to be licensed by MAS.
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to verify our holdings with annual audits of our financial statements. 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.
Single purpose asset utilisation
We do not engage in any lending, borrowing or rehypothecation of assets (i.e. pledging assets as collateral for debt). Your assets are used solely for the purpose of enabling you to transact on our platform.