If you’re a cryptocurrency enthusiast or investor, you may have heard the recent news about BitMEX delisting the MATICUSDT and MATIC/USDT trading pairs. This decision was made in response to the MATIC to POL migration on the Polygon network, marking a significant shift in the digital asset space.
BitMEX officially removed the MATICUSDT and MATIC/USDT pairs on September 3, 2024, at 12:00 UTC, as detailed in a recent blog post. This move was necessary to align with the migration process and ensure a smooth transition for users trading these assets.
For those who held positions in MATICUSDT, BitMEX has closed out all positions, and users can access their Settlement History on the platform’s website. Additionally, the exchange has provided detailed guidance on the delisting process in their Exchange Guide to help users understand the implications and next steps.
Existing MATIC holders are advised to promptly withdraw their MATIC (ERC-20) tokens from their BitMEX wallets to avoid any complications during the migration. This proactive measure is crucial for maintaining asset security and facilitating a seamless transition to the new POL tokens on the Polygon network.
The migration from MATIC to POL on Polygon underscores the industry’s dynamic nature and constant evolution. Similar upgrades and transitions have been observed in the crypto space, such as Ethereum’s shift from ETH to ETH2.0, highlighting the importance of staying informed about network changes for optimal trading opportunities and asset management.
To delve deeper into the delisting process and migration implications, users are encouraged to visit the official BitMEX Blog for comprehensive information and insights. Stay tuned for more updates and industry developments as the cryptocurrency landscape continues to evolve.