Coinbase Delists Polygon (MATIC) for POL Token Migration: Details & Dates

Leading U.S. cryptocurrency exchange Coinbase has officially disabled all trading options for Polygon (MATIC) as the network undergoes a significant technical upgrade. The delisting comes in preparation for Polygon’s highly anticipated token migration, which will see the original MATIC token transition to the new Polygon Ecosystem Token (POL). This move positions POL as the core utility asset for the Polygon ecosystem’s next phase of growth.

Preparing for the Polygon Ecosystem Token (POL)

Following the announcement of the token upgrade, Coinbase took immediate action, disabling MATIC trading on Tuesday, October 14. The exchange has also temporarily halted send and receive functionality for MATIC for a three-day window, running from October 14 to October 17, 2025. This dedicated period allows the Polygon network and its partners to execute the complex technical transition required for the full activation of POL. Prior to this, staking and unstaking services for MATIC had already been disabled on October 7, restricting users from earning rewards during the changeover.

Key Dates and User Actions

For users holding MATIC on the Coinbase platform, the exchange has confirmed it will automatically convert all existing MATIC balances—including previously staked assets—into the new POL token during the migration period. However, the exchange had previously urged users to activate this automatic conversion service by sending their Polygon (MATIC) to a compatible self-custody wallet before the October 14 deadline, a window which is now closed. Upon the completion of the transition, Coinbase users will regain full functionality, allowing them to trade, send, receive, and resume staking activities with the new POL token.

Market Reaction

Despite the forward-looking nature of the Polygon upgrade, the newly introduced POL token has faced some immediate headwinds in the market. According to CoinMarketCap data, the token recorded a 5.3% decline over the last 24 hours, bringing its trading price to $0.1997. This price action appears to be linked to a “broad market bloodbath” rather than the token migration itself, highlighting the general risk-off sentiment currently pervading the wider crypto landscape.