Since the advent of blockchain technology and cryptocurrency, there have been considerable developments year over year. In the early stages, transacting and interacting with trading platforms was not as seamless as today. This was primarily due to early-stage infrastructure that needed to mature.
For instance, a popular crypto exchange like BitMart was designed to support only MATIC ERC-20 tokens. At the time of inception, these types of tokens were becoming extremely popular amongst digital asset enthusiasts. However, with time, it became clear that BitMart needed to monetize to keep up with the emerging market. Specifically, they were looking at ways of transacting other types of tokens from various networks.
BitMart And Polygon
BitMart is a well-known and successful digital asset trading platform in the crypto space. The exchange has integrated with the Polygon network to create support for MATIC ERC-20 tokens and tokens on the Polygon POS Network. This means that users of the BitMart exchange can easily make direct transfers of funds to other Polygon PoS network users, amongst other benefits.
— BitMart.Exchange (@BitMartExchange) July 19, 2021
Polygon was created as a full-stack solution to facilitate the architectural development and scaling of the Ethereum blockchain. At the center of the Polygon system is the Polygon SDK, which is a flexible and modular framework that is used for connecting and building both secured and stand-alone chains. Furthermore, the Polygon SDK is designed to provide support, as well as pave the way for the creation of products and solutions that will be leveraged for different use cases.
According to the CEO and Founder of BitMart, Sheldon Xia, they believe that the integration with Polygon is a strategic partnership that will give users a cost-effective and seamless experience whenever they transfer funds between the BitMart platform and the Polygon Network. Furthermore, he believes that integration is also a good way to create mutual benefits for both companies.
By integrating BitMart into the Polygon ecosystem, it will bring more development to both companies, including the development of the Polygon infrastructure and ecosystem. One of the things that BitMart will do is list the premium projects that get created on the Polygon Network and also provide more features for users of both platforms.
The Co-founder of Polygon, Sandeep Nailwal is excited about the integration and believes it is a good partnership that will help the Polygon ecosystem, as well as pave the way for mainstream adoption of their products.
It may interest you to know that BitMart has more than 5 million users from different parts of the world, and the exchange ranks among the top on CoinGecko. At the moment, there are more than 550 trading pairs on the platform, and it is also one of the platforms with the lowest transaction fees. Polygon has more than 13 million users, 450 decentralized applications, and over 350 million transactions.
The integration of both systems is strategic and will yield good results for both companies, considering that the crypto community is still doing all it can to make crypto a mainstream adoption across different sectors and industries.
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