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MATICUSD - Polygon vs US Dollar

Current value in real time on the crypto market for investing

Swap Short: -20 %Swap Long: -20 %
Low: 1.149Spread MT5 floatingHigh: 1.204
Global Stock Exchanges Session Times
Sydney
1:27 am (Local)
Opens in 56h 23m
Tokyo
11:27 pm (Local)
Opens in 57h 33m
London
2:27 pm (Local)
Closes in 2h 3m
New York
9:27 am (Local)
Opens in 0h 3m

MATICUSD Trading Chart

D1
W1
M1
No chart data
Past performance is not a guarantee or prediction of future performance.

Trading Conditions

Platform
Edge
Edge
MT4
MT5
Execution
Market Execution
Market Execution
EdgeFloating spreads
Minimum: 8.00Average: 19.88
Market Hours*Open Now
Market Hours*Open Now
Limit and Stop Level25
1 tick value0.001
Minimum contract size0.01 lot
1 lot size1 MATIC
1 PIP value per 1 lot in USD0.001 USD
Minimum step for increasing contract size0.01 lot
Margin requirements to open a lock position *0
Execution ModeMarket (irrelevant of platform or Account type)

* Only if Margin Level > 100%

The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

What is Polygon

Polygon first entered the market in 2019, although the Indian developer itself began operating in 2017 under the name Matic Network.

The founders presented their cryptocurrency project on the Binance Launchpad platform, where their ICO raised $5 million. By the way, this is not Polygon's first investment: before that, creators were so inspired by the idea of the product that they spent more than $650,000 on development. That was enough to host 300 hackathon events across the country for two years and find the most local talented developers.

The original project was created as an Ethereum scaling tool. This stage allowed users to develop their own version of Proof-of-Stake blocks and create an additional unique blockchain - SideChain.

In early 2021, a rebranding took place, and the founders began to develop a strategy for moving to a global level. The change in name and expansion of the general direction of work have also increased the level of ambition. However, the Polygon network continues to operate based on Ethereum and distribute the Token related to it. With that in mind, the network calls itself the \"Internet of Ethereum Blockchains.\"

The altcoin of the system is traded on the world's crypto exchanges, retaining the former name of the company MATIC.