Coinbase May Halt MATIC Trading and Auto-Convert Balances to POL During Polygon Token Migration

• Coinbase removed MATIC from spot trading and paused transfers for Oct 14–17, 2025.

• Coinbase will automatically convert on-exchange MATIC balances (including staked assets) to POL during the migration.

• POL fell about 5.3% in 24 hours to $0.1997; pricing data referenced from CoinMarketCap (plain text).

Coinbase delists MATIC: Coinbase removed MATIC ahead of Polygon’s migration to POL; on-exchange auto-conversions will occur—move funds to self-custody before the deadline if needed.

By COINOTAG — Published October 14, 2025; Updated October 17, 2025

What does Coinbase delisting MATIC mean for users?

Coinbase delists MATIC means the exchange has removed Polygon’s MATIC from spot trading and temporarily disabled send/receive for MATIC during the token migration window (Oct 14–17, 2025). Users with on-exchange MATIC balances will have those balances automatically converted to the new POL token; staking was disabled on Oct 7, 2025.

How does Polygon’s token migration to POL work?

The Polygon network replaced MATIC with a new ecosystem token, POL, as part of a protocol upgrade. The migration window ran from October 14 to October 17, 2025. During this period, custodial platforms like Coinbase executed automatic conversions for on-exchange balances and staked holdings. Users who withdrew MATIC to compatible self-custody wallets before the deadline could opt to manage the migration themselves; those who left funds on Coinbase will receive POL automatically after the migration completes. Official price and market data referenced from CoinMarketCap (plain text).

Key operational steps taken by Coinbase included:

• Disabling spot trading for MATIC prior to the migration.

• Stopping staking and unstaking services for MATIC as of October 7, 2025.

• Pausing send and receive functions for MATIC between October 14–17, 2025 to complete the conversion process.

The exchange communicated these changes via an announcement on X (formerly Twitter) and via its platform notices. Coinbase indicated on X that automatic conversions will apply to custodial balances; users were advised to move funds to compatible self-custody wallets before the migration if they wanted to retain control over the conversion process.

Source: CoinMarketCap

Market reaction was negative in the immediate term: the newly issued POL token declined roughly 5.3% over 24 hours to a trading price near $0.1997 at the time of reporting, per CoinMarketCap data (plain text).

Frequently Asked Questions

Will my MATIC held on Coinbase automatically convert to POL?

Yes. Coinbase confirmed that custodial MATIC balances, including assets that had been staked on the exchange, will be automatically converted to POL during the migration window. Users who withdrew MATIC to self-custody before October 14 had the option to manage conversion outside Coinbase.

How long will send and receive be paused for MATIC?

Send and receive functions for MATIC were paused for three days, from October 14 through October 17, 2025, to support the migration and conversion process; normal operations resumed after the migration completed.

Key Takeaways

• Delisting and pause: Coinbase removed MATIC from spot trading and paused transfers during the Oct 14–17 migration window.
• Automatic conversion: On-exchange MATIC balances, including staked positions, were converted to POL by Coinbase.
• User action: Users who wanted to control the migration needed to move MATIC to a compatible self-custody wallet before the deadline.

Conclusion

Coinbase’s delisting of MATIC coincided with Polygon’s migration to the POL token and required custodial conversion to preserve user balances. This action reflects standard exchange procedures during protocol-level token migrations: trading and transfers are temporarily halted, custodial balances are converted, and users were advised to move funds to self-custody beforehand. For investors and holders, monitor official Coinbase and Polygon communications and price feeds (e.g., CoinMarketCap in plain text) for post-migration liquidity and staking updates. COINOTAG will continue to monitor developments and provide updates as they are confirmed.