Japan's largest cryptocurrency exchange, bitFlyer, has announced the addition of two new trading pairs: Polygon (MATIC) and Maker (MKR). This expansion increases its supported assets to 17 cryptocurrencies, reinforcing its position as a leading platform for digital asset trading.
Newly Supported Cryptocurrencies
Polygon (MATIC)
Polygon is a Layer 2 scaling solution designed to address Ethereum's scalability challenges, such as high gas fees and slow transaction speeds. Its cross-chain bridging functionality enables seamless asset transfers between Ethereum and other blockchains, while its standalone chain offers low-cost transactions. MATIC is widely used in blockchain gaming, NFTs, and decentralized applications (DApps).
| Details | Description |
|------------------|-------------------|
| Token Name | Polygon |
| Token Symbol | MATIC |
Maker (MKR)
Maker is the governance token of MakerDAO, the decentralized autonomous organization behind the DAI stablecoin. MKR holders participate in key protocol decisions through voting, including collateral management and fee adjustments. Users can mint DAI by depositing Ethereum-based assets as collateral.
| Details | Description |
|------------------|-------------------|
| Token Name | Maker |
| Token Symbol | MKR |
The exact trading start dates for MATIC and MKR will be announced on bitFlyer's official platform.
Why This Expansion Matters
- Diversified Portfolio: Traders gain access to two high-utility tokens—Polygon for scalability and Maker for decentralized finance (DeFi) governance.
- Market Leadership: bitFlyer maintains its dominance in Japan's crypto market, now offering 17 assets with top liquidity.
- User Growth Opportunity: Newcomers can sign up now to trade these assets upon launch.
👉 Explore bitFlyer’s advanced trading features
FAQs
Q: When will MATIC and MKR trading go live?
A: bitFlyer will announce the exact dates soon. Follow their updates for the latest information.
Q: What are the transaction fees for these new pairs?
A: Fees align with bitFlyer’s existing structure, typically lower than global averages due to high-volume discounts.
Q: How do I start trading on bitFlyer?
A: Register an account, complete verification, and deposit funds to begin trading.
Q: Is Polygon (MATIC) a good investment?
A: MATIC’s utility in scaling Ethereum makes it a strong contender, but always conduct personal research before investing.
For real-time updates, visit bitFlyer’s official website.
Disclaimer: Cryptocurrency trading involves risk. This article does not constitute financial advice.
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