Exciting changes are coming to the Polygon ecosystem! At Wirex, we're committed to keeping you informed about important updates to your crypto journey. One such update is the migration from Polygon's MATIC token to the new Polygon Ecosystem Token (POL). Here's everything you need to know to prepare for this transition.
Key Dates to Remember
Starting 9 September 2024, at 16:00 UTC, Wirex will permanently suspend all trading, deposits, and withdrawals of MATIC on the Wirex App. This is an essential step in supporting the migration to POL.
What Does This Mean for Your MATIC Tokens?
Don't worry—your MATIC tokens won't disappear! Any MATIC you hold in your Wirex account will be automatically converted to POL tokens at a 1:1 ratio. This conversion will occur after the delisting date and will be based on your MATIC balance at that time.
Impact on Your Wirex Card
If you use MATIC for card top-ups or have it linked to your Wirex Card, please note that:
Card top-ups using MATIC will no longer be available after 9 September 2024, at 16:00 UTC.
MATIC accounts linked to the Wirex Card will be automatically unlinked at the same time.
Changes to DUO Positions
For those who use Wirex's DUO feature, please be aware that:
The creation of new positions for MATIC-related pairs (MATIC-USDT, MATIC-BTC, MATIC-EURS) will be suspended from 6 September 2024, at 16:00 UTC.
What About MATIC X-Accounts?
Good news—your active MATIC X-Accounts will not be affected by this migration. These accounts will be automatically converted to POL tokens, ensuring a smooth transition without any action required from your side.
Need Help?
We understand that changes like these can bring questions. If you need any assistance or have concerns about the migration process, don't hesitate to reach out to our support team. We're here to help!
For more details about this migration, you can also check out the official Polygon announcement here.
Stay tuned for more updates, and thank you for being a valued member of the Wirex community!