Will Other Exchanges Add a Matic Listing?
Earlier today, Binance have announced on Twitter that they will list Matic (MATIC) on the US version of their exchange, Binance.US. Different trading pairs such as MATIC/USD and MATIC/BUSD will go live this Friday, the 5th at 9am EST.
Matic on the Move?
It appears that Matic is the first Binance Launchpad IEO, to be listed on the US version of the exchange. This might be due to the success of project, which has given investors and MATIC holders the highest ROI out of the 18 different cryptocurrencies launched on Binance's Launchpad.
Currently Matic is ranked #73 on CoinMarketCap and is trading at $0.022002 in its fiat evaluation. In Bitcoin & Ether valuation it is trading at 0.00000226 BTC and 0.00008992 ETH, respectively.
Binance.US is one of the most popular exchanges in the United States with only CoinBase rivaling its size. This essentially means that this listing could mean very big things for Matic. With a population of roughly 348 million people in the United States, this could expose Matic to the few million that are interested in cryptocurrencies.
It seems very plausible that this listing will boost MATIC's price upwards in the short term and push it up a few rankings on CoinMarketCap. Should CoinBase choose in the future to follow Binance's move and list MATIC, we could see it easily in the top 50 cryptocurrencies by MarketCap.
Written by Jonathan Ganor
Writer & cryptocurrency aficionado