Coinbase Delists MATIC Ahead of Polygon’s POL Migration
Coinbase has disabled MATIC trading, deposits and withdrawals from October 14 to 17, 2025. The exchange also paused MATIC staking and unstaking from October 7. The measures align with Polygon’s migration from MATIC to the new Polygon Ecosystem Token (POL). During the window, on-exchange MATIC balances, including staked assets, will be auto-converted to POL. Users wanting self-managed swaps can withdraw MATIC to compatible self-custody wallets before the deadline. After migration, Coinbase will reopen trading, transfers and staking for POL. Since the announcement, POL has dropped 5.3% to $0.1997. Traders should prepare for elevated volatility in the MATIC-to-POL migration and adjust strategies accordingly.
Bearish
The delisting of MATIC and forced migration to POL is likely to weigh on MATIC’s price in both the short and long term. In the short term, suspension of trading and staking creates liquidity constraints and heightens volatility, as evidenced by POL’s 5.3% drop post-announcement. In the long term, uncertainty over user adoption of POL versus MATIC may curb demand, leading to downward pressure until confidence in the new token solidifies.