BitGo has announced the rollout of its polygon wallet and custody services for native MATIC token holders for owners of native MATIC tokens.
Now, BitGo users may safely stake their ERC-20 MATIC tokens on the platform aand profit from doing so. With the addition of polygon (MATIC) support, BitGo, a provider of regulated crypto custody services to institutional investors, has made it possible for owners of MATIC tokens to keep their tokens on the platform.
Users will be able to take advantage of the full range of services offered by the company, including ERC-20 MATIC staking, as polygon has been added to the growing list of blockchain networks supported by the crypto custody platform.
BitGo COO Chen Fang commented on the introduction of MATIC token staking and custody as follows:
āBy offering more features for MATIC, weāre providing investors with a safer way to custody their assets and providing platforms with the tools they need to build the future.ā
One of the first institutional investor-focused cryptocurrency custody solutions, BitGo was introduced in 2011. The Palo Alto-based business asserts to support over 300 blockchain-based digital assets and manage more than 20% of all Bitcoin (BTC) transactions, with $16 billion in assets under control.
Following a recent hard fork upgrade by the latter to address the problem of gas charge spikes and bring forth a number of other network improvements, BitGo has now integrated polygon.
Additionally, Polygon has disclosed plans to incorporate zero-knowledge (ZK) rollups into its mainnet in order to increase scalability and privacy. According to CoinMarketCap, the native MATIC token of Polygon is now trading for about $0.94 and has a market capitalization of $8.23 billion.
