Luno has announced Polygon (MATIC) as the latest crypto investment opportunity for the Malaysian market, giving Malaysians another crypto asset to buy and sell on its platform.
The addition of MATIC follows the addition of Avalanche (AVAX) in May this year, and brings the total number of coin offerings for Malaysians to eleven, as Luno continues to ensure that Malaysian investors can gain access to wider investment opportunities.
What is Polygon (MATIC)?
Polygon (MATIC) aims to help make Ethereum faster and cheaper to use. It does this by acting like an express lane on a busy highway, removing congestion on Ethereum by taking transactions off the main network to be processed on Polygon and sending processed transactions back when complete. Polygon has become one of the leading Ethereum scaling solutions, with funding from high-profile investors including Mark Cuban and Sequoia Capital. Polygon has helped global companies such as Mastercard, Starbucks, Disney, and Meta enter the web3 space. While MATIC also exists as an ERC-20 cryptocurrency on the Ethereum network, Luno only supports MATIC on the Polygon network
Luno saif the introduction follows from close collaboration with regulators in ensuring all necessary compliance and regulatory guidelines are met.
