Coincheck, Inc., a subsidiary of Monex Group, Inc., plans to lis Polygon (MATIC) on its crypto asset trading service “Coincheck” from August 2023.

The newly listed crypto asset Polygon (MATIC) will not be a MATIC on the Ethereum network, but a native token, MATIC, on the Polygon chain.

Polygon chain is a blockchain widely recognized for its fast processing speed, low fees, and versatility. For that reason, many consumer global brands have used the blockchain for their web3 projects. Polygon Labs, a non-profit organization, is developing the blockchain aimed at solving the challenges of Ethereum, while continuously working on engineering and market exploration.

Coincheck has been selling Polygon chain NFTs at “Coincheck NFT (beta version)” since October 2022. On the listing of MATIC on its trading service, Coincheck will provide the customers of “Coincheck” with an opportunity to experience the convenience of the native tokens of Polygon chain.

Polygon (MATIC) may appear on the service screen before the launch, but no transactions can be made.