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Binance has fully integrated the Polygon Mainnet (MATIC) on its platform, according to a press release. Now Binance traders can deposit and withdraw MATIC through their Binance accounts while interacting with decentralized applications, or DApps, like Sushiswap, Balancer, Aave, etc.
This integration aims to ensure that merchants can use these DApps cheaply and efficiently without using the existing Polygon bridge.
Related: Polygon Announces Scalable Data Availability Infrastructure Available
While this announcement focuses specifically on the MATIC mainnet token, Binance also intends to support the associated ERC20, BEP2, and BEP20 MATIC tokens.
Binance marks Polygon’s latest integration, as the network has previously worked with Huobi and Coinbase Wallet, among others, in a similar vein. The scaling solution is also supported by various Ethereum-centric services, such as Metamask and Infura.
DApp users patiently wait for Ethereum 2.0 to resolve many of its scalability issues. However, it looks like Polygon is filling that void for now. The network provides a way for developers to create unique side chains for all of their DApps, which can provide the growth capabilities needed for mass adoption.
Related: Crypto enthusiasts have fun as DEX expands to Polygon
Developers are also already taking advantage of these capabilities. Recently, Polygon created the game-focused Polygon Studios to create decentralized games and harness the power of non-fungible tokens.
As for Binance, the situation is a little more murky. The world’s largest cryptocurrency exchange has just been banned in Malaysia. He has 14 days to cease operations in the region. The news comes shortly after learning that Binance will be shutting down crypto derivatives trading in Europe, despite the platform’s lower withdrawal limits and the introduction of tax reporting tools.
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