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| Symbol | MATUSD |
| Name | Matic vs US Dollar |
| Quote Currency | USD |
| Trading Hours | 24/7 |
| Spread As Low as (Quote currency) | 0.00253 |
| Commission | No |
| Contract Size (Per Lot) | 10000 MAN |
| Minimum Contract Size (Lot) | 0.01 |
| Minimum Step Size (Lot) | 0.01 |
| Leverage Up To | 1:100 |
| Limit and Stop Level | 0 |
| Execution | Market |
| Trading Platform | MT5, Mobile App, WebTrader |
| Sector | Crypto |
ZERO Deposit Fees
Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.
Global Market Access
Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.
Sub 30ms Latency Trading
Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.
€20,000 Protection per Claim
Clients are protected by the independent Financial Commission's Compensation Fund.
Choose from multiple trading options based on your preference of order types, indicators, charting tools, style of trading and operating environment.
In the intricate world of decentralized applications and smart contracts, Ethereum has long held a prominent position. However, issues surrounding scalability and high transaction costs have necessitated the emergence of solutions like Polygon, formerly known as the Matic Network. This multi-chain scaling solution enhances Ethereum’s capabilities, and its native token, MATIC, has become a notable asset within the Contract for Difference (CFD) trading sector. In this article, we journey through the intricacies of Polygon, elucidating its fundamentals and its role in the CFD trading universe.
Conceived in 2017, Polygon’s ambition is to augment Ethereum’s multi-chain ecosystem by providing a framework for building and connecting Ethereum-compatible chains.
Scalability Solution
Polygon offers a Layer-2 scaling solution that aims to boost the transaction throughput of the Ethereum network. This addresses the existing congestion and high fee issues, making decentralized applications more user-friendly.
Interoperability
Beyond just scaling, Polygon’s vision is to ensure a future where multiple blockchains can communicate and exchange value seamlessly. It's fostering an environment for multi-chain Ethereum-compatible blockchains.
MATIC Token
The native utility token of the Polygon network, MATIC, is used for various purposes, such as paying transaction fees, participating in staking, and governance within the Polygon ecosystem.
Versatility
Polygon supports multiple types of Ethereum-compatible blockchains, ranging from PoS-secured Ethereum sidechains to standalone networks.
With its intent to revolutionize Ethereum’s scalability and versatility, MATIC has carved a niche in the CFD trading space, with areas to watch for:
Network Dynamics: As more projects adopt Polygon’s Layer-2 solutions or its interoperable chains, the dynamics of the MATIC token can shift, offering CFD trading opportunities.
DeFi and Dapp Engagement: The rate at which decentralized applications and DeFi projects integrate with Polygon can influence the demand for MATIC, and subsequently, its price trajectory.
Broad Ecosystem Development: Significant updates, partnerships, or developments within the Polygon ecosystem can serve as potential drivers for MATIC’s price volatility in the CFD market.
Polygon, with its innovative approach to Ethereum’s scalability challenges, epitomizes the convergence of technological advancements and vision. By providing a platform that bridges the gaps in the current decentralized landscape, it stands as a beacon for what the future of interconnected blockchains might resemble. For those navigating the vast seas of CFD trading, Polygon and its MATIC token offer a compelling blend of technological prowess, market dynamism, and speculative opportunities.
Start trading MAT/USD (MATIC) crypto CFD now!
The MATIC price is influenced by general cryptocurrency market trends, updates or changes to the MATIC Polygon platform, adoption rates, regulatory news, and overall blockchain industry developments.
Begin by selecting a reputable broker that offers MAT/USD crypto CFDs, such as Baxia Markets. After setting up and funding your account, you can start trading based on your analysis and strategy.
Yes, one of the benefits of CFD trading is the ability to take both long (buy) and short (sell) positions. If you expect the price of MATIC to fall, you can open a short position.
With CFDs, you’re speculating on price movements without owning the asset. On exchanges, you purchase and own the MATIC tokens directly.
MATIC’s Layer 2 scaling solution and its potential to alleviate Ethereum congestion can influence its demand and subsequently its CFD price.
While the cryptocurrency market operates 24/7, various brokers may have specific trading hours for CFDs. Here at Baxia Markets, we allow our traders to access and open positions with MAT/USD anytime 24/7.
Significant updates or changes to the MATIC network can lead to price fluctuations. Traders should stay informed about any announcements from the MATIC Polygon team.
Consider using risk management tools like stop-loss and take-profit orders. Always stay informed, diversify your investments, and only trade with money you’re prepared to lose.
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Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
Baxia Holdco Ltd, a company incorporated in the Republic of Cyprus with registration number ΗΕ 413062, at 4 Agiou Georgiou Makri, 6037 Larnaca, Cyprus, is a Paying Agent of Baxia Global Ltd. All payments related to Paysafe and other companies are processed by Baxia Holdco Ltd.
Baxia Markets is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Baxia Markets clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Markets does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, Crimea, Donetsk, Luhansk, Palestine, Yemen and North Korea.