Why have so many platforms delisted Polygon tokens?

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

A few days ago I sent an automatic in Coinbase but they also did not provide a polygon network, but only used the ERC20 network or became a token, I thought this was because of a very cheap transaction fee so Exchanges did not want to use the automatic network.

vanesha

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they don't seem to be removing it just some exchanges prefer to disable the polygon network temporarily to get a stable network here. it's possible that polygons are in further development that only the internal team knows so they prefer to temporarily disable the polygon network.

asyakashi

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some exchanges may be customizing or maintaining the Polygon network. I don't think there is a problem with the Polygon network itself. Some exchanges do close access to transactions with the Polygon network but that doesn't mean the project is problematic. For the time being it's better to use ethereum because the cost is now quite cheap.

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Quote from: entebah on September 24, 2022, 01:31:06 PM

Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

it's my first time hearing this if possible can you list which platform delisted polygon tokens?
because i try to search for any info regarding this but i don't see any platform doing this

Delisting is usually announced by exchanges a few days in advance and I haven't found any kind of news about this yet. As Polygon is one of the big chains in the market, I think that if anything goes wrong, the news will spread very quickly on the forums or social media channels of the market.
It is a shame that he is confusing everyone, I also checked the exchanges I'm using and didn't see any change as OP said. Hope he comes back and gives us more information.

Pierre 2

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I exactly don't know why some exchanges delist Polygon network as option although last time I checked cheapest way to send USDT was BEP20 Binance smart Chain network. Its far more popular as I can see so if don't wanna use Ethereum Blockchain you can prefer BEP20 always. Its hard for me to trust anything besides 3 biggest Blockchain networks. I still can't forget what happened to Solana's chain.

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Quote from: Jackl87 on September 25, 2022, 06:09:39 PM

Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

Hmm. This news are completely new to me as i have never heard before that a lot of exchanges are delisting polygon based tokens or stablecoins. The only thing of that direction that i heard was a few weeks ago when Binance announced that they would delist USDC and i think also other stablecoins. This had nothing to do with the polygon chain though. This was just a move to make the people use BUSD more, because that is the stablecoin that is minted and controlled by Binance itself so they are just using their market power in order to push their own stablecoin.
I think everything is alright with polygon and you don't need to worry.

i'm waiting for him to come back to his thread to provide more information, can see that no one can find the information OP is talking about, can't say exactly what problem he is having. the issue of delisting usdc and other stable coins was announced by binance 2 weeks ago and it has nothing to do with the polygon he said. it makes me wonder if he is creating a FUD in order to create fear and anxiety as he doesn't provide any links or proof as to what he is saying

abel1337

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Just like others, I haven't found any article and stories about the delisting of polygon tokens on an exchange, Even small exchanges will make a news about it given that they can take a chance in making themselves on headline for a while but no one have did it. I think OP might have seen a maintenance or the exchange is fixing some problems regaeding polygon just like what binance is doing when there's a certain problem or a very very heavy traffic just like what they did on LUNA.

Jackl87

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

Hmm. This news are completely new to me as i have never heard before that a lot of exchanges are delisting polygon based tokens or stablecoins. The only thing of that direction that i heard was a few weeks ago when Binance announced that they would delist USDC and i think also other stablecoins. This had nothing to do with the polygon chain though. This was just a move to make the people use BUSD more, because that is the stablecoin that is minted and controlled by Binance itself so they are just using their market power in order to push their own stablecoin.
I think everything is alright with polygon and you don't need to worry.

Baofeng

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Binance for once has been delisting/listing Polygon for the last couple of months.

https://www.binance.com/en/support/announcement/ffa74b47e870477a80deacee1fcab727

And probably the same reasons as others, there is a network issues so they have to delist them temporarily.

Perhaps they are also doing some schedule maintenance and upgrades, the usual for any projects. And in any case, there will be a announcement if ever there is a permanent delisting by exchanges to give time for users to withdraw or move their funds around.

MAAManda

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Quote from: Review Master on September 25, 2022, 11:51:50 AM

TBH, fee isn't the matter at all. According explorer data, i saw that arbitrum is having higher fee on swapping assets compare to etheruem. For example, arbitrum costs around $5 for swapping where ethereum only costs less than $3 after the merge . So it doesn't mean, arbitrum or other L2 will loss the position in crypto market. Talking about polygon, they already made huge partnership in recent time and it could make ATH if they continue the hard like current time, IMHO. Also it's best to have diversity in smart contract platforms. Wink

The Merge just happened, it might take us a little longer to see its impact on the whole of L2. Sorry in advance, but I think this discussion will be really OOT if we continue, it's better if we finish the discussion regarding fees, The Merge and price predictions.

piebeyb

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sorry in advance give us the name of the polygon token what do you mean in this thread, if indeed there is no token on the polygon network that is not available on the exchange you can bridge the token on the polygon network to an available network for example ETH, if you say about stable coins like USDT is still available on binance usdt for polygon network, please check again

Review Master

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Quote from: MAAManda on September 25, 2022, 05:47:37 AM

Do you think Polygon can reach its ATH once again after The Merge that happened to Ethereum? A lot has changed in Ethereum, especially for Fees, since The Merge happened.

In the past, people moved to Polygon which is Layer-2 due to very high fees on Ethereum, but because of The Merge, fees on the Ethereum network are no longer high. For me, there is no more room for Polygon to rise.

TBH, fee isn't the matter at all. According explorer data, i saw that arbitrum is having higher fee on swapping assets compare to etheruem. For example, arbitrum costs around $5 for swapping where ethereum only costs less than $3 after the merge . So it doesn't mean, arbitrum or other L2 will loss the position in crypto market. Talking about polygon, they already made huge partnership in recent time and it could make ATH if they continue the hard like current time, IMHO. Also it's best to have diversity in smart contract platforms. Wink

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

maybe maintenance is going on, when you make a transaction, the feeling is there are no network problems matic for now, but why the exchange forbids Matic in their deposits / withdrawals, try to be patient everything will be fine later

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There doesn't seem to be any related issues discussed in this thread, and the info regarding the problem of missing some tokens in polygons I think I just heard, if this is true this is the first case I know of, that we also have to be careful with this problem, unfortunately I am looking for this information, there is absolutely no news related to the problem of some platforms deleting their tokens from polygons..

MAAManda

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Quote from: BobK71 on September 25, 2022, 05:01:01 AM

I also did not see any such news where delisting is mentioned. But many are thinking that it might be due to regular maintenance. Moreover, if it was specifically mentioned which coins have been delisted and which exchanges then the matter would have been clear to everyone.

Looks like the OP is just bragging about this, none of us all responding to this topic got any information regarding the Polygon Chain delist. Moreover he was also never seen again after he created this topic.

Quote from: BobK71 on September 25, 2022, 05:01:01 AM

Overall this Polygon chain is quite popular now and in future it will overtake Previous ATH. Moreover, the investment on this project is constantly increasing.

This is OOT (IMO), but I wanted to make a little statement about this.

Do you think Polygon can reach its ATH once again after The Merge that happened to Ethereum? A lot has changed in Ethereum, especially for Fees, since The Merge happened.

In the past, people moved to Polygon which is Layer-2 due to very high fees on Ethereum, but because of The Merge, fees on the Ethereum network are no longer high. For me, there is no more room for Polygon to rise.

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I haven't noticed such a problem from the exchanges i have used so far, Polygon is not the worst network so why will your exchange or these platforms delist the stablecoin in polygon network? You should at least mention the names so that people can take note.
Maybe there is another reason behind the delisting of those coins/tokens not necessarily having to do with polygon network itself.

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

Some tokens in the Polygon ecosystem are not available for listing on the exchange. I change the required tokens for Polygon on de-centralized exchanges, and then change Polygon on centralized exchanges if necessary. The crediting of coins is fast and the losses on the fall of the price are minimal

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

It would have been nice to know the specific exchanges you are talking about but as far as I know, Polygon Matic is a good project and it could also be that the network in under Maintainance in that exchange, I have witnessed this with other projects in different exchanges.

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Quote from: MAAManda on September 24, 2022, 02:26:54 PM

Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

Sorry, but can you tell which exchanges do this to the Polygon network? I don't see any Delist related news on the various trading platforms I use. Maybe you can give us a news link regarding this. And if this is indeed the case, yes, there might be an obvious reason behind it all.

I also did not see any such news where delisting is mentioned. But many are thinking that it might be due to regular maintenance. Moreover, if it was specifically mentioned which coins have been delisted and which exchanges then the matter would have been clear to everyone. Overall this Polygon chain is quite popular now and in future it will overtake Previous ATH. Moreover, the investment on this project is constantly increasing.

MAAManda

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

Sorry, but can you tell which exchanges do this to the Polygon network? I don't see any Delist related news on the various trading platforms I use. Maybe you can give us a news link regarding this. And if this is indeed the case, yes, there might be an obvious reason behind it all.

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I believe it was only maintenance purpose and suspend withdrawal and deposit for whole. polygon is still a good chain and charge a little gas fees and this network still very popular and crypto users like to withdraw many token on polygon network to avoid extra gas fees. so there are no any purpose to delist polygon network from exchangers

I don't think that polygon is not a good chain as of this time since I have tokens on polygon network but I am quite curious why they would delist it and then list it again when as I have explained before where many exchanges doesn't remove but rather suspended any transaction on that crypto like deposit and withdrawal for example. Well, delisting a crypto could also mean that something is wrong with the crypto that's why I have stated those and it's not just one exchange which could bring more confusion or even panic to some people except I didn't get affected by it just curious.

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

it's my first time hearing this if possible can you list which platform delisted polygon tokens?
because i try to search for any info regarding this but i don't see any platform doing this

nakamura12

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Maybe from op exchange they was temporarily suspend polygon network for maintenance or solve some instant problems. but it was not a permanent suspending. and maybe op don’t understand it and ask here a question like this. hope op exchange now again opened polygon network withdrawals. op should confirm it here now.

If there's a maintenance going on then why would they remove polygon when they can simply suspend withdrawal and deposit like many changes do. If they remove polygon then they would have to add it again if it is temporary. We don't know the reason why many exchanges remove polygon and as I have said that many exchanges only suspended withdrawal and deposit for a certain crypto if there's a maintenance going on rather than removing the crypto.

Psynthax

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most coins are still getting listed, ethereum merge doesn't change a thing it's more or less still the same eth i think even the value of eth right now is decreasing so much.
it could be only some maintenance coming from the exchange that you used otherwise I doubt they gonna just delist coin from polygon like that because that'll decrease their user coverage which is bad business decision.

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I think that isn't true, most coins that are in polygon still getting listed by the famous exchange maybe you're using lesser famous exchange, moreover if that's really true that could be a business decision coming from the exchange itself maybe they think it's just more efficient only accepting coin from eth alone, but then again i think that doesn't make sense at all since matic and eth is like very similar, however you could just move over to better exchange if that's true.

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There are reason why exchanges delisting a coin/token probably if Polygon got delisted on the exchange you are using, it might not be qualified anymore to be on that site. But seriously how many exchanges already delisted Polygon as stablecoin? I didn’t see any exchange yet and as per checking right now Polygon are still listed on top exchanges.

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

One of the major reasons why exchanges are delisting tokens is their volume. Probably your token volume that is on that exchange does not have enough volume to meet the exchange's daily requirements. It is normal for the SOP of exchanges to remove tokens of any network if they failed to comply with the required trading volume.

Quote from: OgNasty on September 23, 2022, 02:24:12 PM

Same here. This is the first I've heard of exchanges delisting Polygon assets. Can you give an example OP? I'm not sure we're all on the same page. When I first saw your topic I thought maybe some exchanges were delisting MATIC, but now it seems like maybe some scam stablecoin is what you're referring to? In any event, some examples would be nice so we can understand what it is you're trying to say. Also, investing in stablecoins isn't smart. I thought the Luna fiasco would have cleared that market out. Anything offering 20%+ yield is most likely going to take your money at some point. There are no shortcuts.

Same here, I also thought of that Exchanges are delisting Polygon and all the tokens in its network but found out it is fake news. So I think that OP's token is something that is created on the Polygon network and does not have enough volume to meet the requirement of the exchange and thus got delisted.

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Quote from: ryzaadit on September 23, 2022, 12:46:12 PM

Which one? give some examples.

I check most of my stablecoin is still being listed in every exchange, by the way a bridge transaction is now really low. Even, the wallet polygon on exchange have some maintenance. If I want to transaction mys stable coin on polygon, just bridge the token to other chain "ETH/BSC".

But so far, don't have any problem with polygon network.

I also not found any exchange like op story . i have withdrawal stablecoin USDT in polygon from Binance and MEXC just in a couple hour and all is working as well. i didn’t face any problem with my withdrawal in polygon network . i didn’t think they have any problem with Polygon network yet.

Same here. This is the first I've heard of exchanges delisting Polygon assets. Can you give an example OP? I'm not sure we're all on the same page. When I first saw your topic I thought maybe some exchanges were delisting MATIC, but now it seems like maybe some scam stablecoin is what you're referring to? In any event, some examples would be nice so we can understand what it is you're trying to say. Also, investing in stablecoins isn't smart. I thought the Luna fiasco would have cleared that market out. Anything offering 20%+ yield is most likely going to take your money at some point. There are no shortcuts.

fiulpro

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They are open for trading/buying/selling but I do think if your wallet, actually banned it I think it might be because of the Price up and down, thus I do think that you can change your exchange for the while and then also you can send it to your exchange as well.

Please make sure that the wallet you use is good, for example I used Zebpay and they delisted the Luna etc, instantly shib was banned for trading suddenly and I also lost a lot because of it, thus it's wiser to have like 5-6 exchanges you know, have registered for and can trade instantly.

ryzaadit

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Which one? give some examples.

I check most of my stablecoin is still being listed in every exchange, by the way a bridge transaction is now really low. Even, the wallet polygon on exchange have some maintenance. If I want to transaction mys stable coin on polygon, just bridge the token to other chain "ETH/BSC".

But so far, don't have any problem with polygon network.

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Quote from: Tytanowy Janusz on September 23, 2022, 11:27:35 AM

I've checked and polygon deposits/withdrawals for stable coins are still available on exchanges that I use. What exchange are you talking about. Maybe its a temporary wallet maintenance? Or maybe they delisted poligon stable coins due to low traffic.

Same thing here. I was shocked reading the OP but I just checked and everything is working efficiently. It might be an error from the end of the exchanges he uses. There's actually low traffic on polygon coins but it will be unfair for exchanges to delist any of its coins without making announcement to their community.

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

I followed the exchanges I used and found that both deposits and withdrawals for Metic are open so far and the polygon chain is open for other tokens as well. i Don't know which exchanger actually did it. can you post here some exchanger as example. I seen matic Network everything is still ok and there are no reason available if as it can happen

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

I think since what happened to ust for luna, and madusd in the evmos network; cex are being careful what type of USD stablecoins they are going to allow on their platform. Also, I do not want you to view this like an agenda against polygon network, no it is not. Bad projects get delisted all the time; and this is exactly what is happening to some stable coins. For now I think you should trust bsc stable coins, it is also a low fee blockchain network

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Can you give a clue what kind of token it is? I meant im still holding some tokens based on polygon network and nothing happened with it instead of these tokens being listed into the new exchange sites. May i wrong about this? Lets see what token it is.
I guess if such token has a very poor performance during the bearish market and that makes token has low daily trade volume then exchange site decide to delist it.

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Quote from: Husires on September 23, 2022, 06:29:14 AM

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

I've checked and polygon deposits/withdrawals for stable coins are still available on exchanges that I use. What exchange are you talking about. Maybe its a temporary wallet maintenance? Or maybe they delisted poligon stable coins due to low traffic.

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Nothing is wrong with the Polygon network mate, maybe the exchange have a reason of abandoning Polygon Network right now or there is an upcoming small upgrade, what is the name of these tokens you referring to? I believe you can find other exchanges they are listed on and look if their polygon deposit and withdrawal is still open.

Husires

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Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

Topic: Why have so many platforms delisted Polygon tokens? (Read 250 times)