Transactions with Polygon’s MATIC now on Nexo

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Nov 23, 2021
  • Users can purchase MATIC on the exchange and get it in their wallets within seconds
  • Earn as much as 20% interest on MATIC, paid out daily
  • Borrow stablecoins or cash against MATIC at rates starting from 6.9% APR

Nexo’s selection of digital assets is expanding at lightspeed. Members of the crypto community can now buy, swap, borrow against, and earn impressive interest on Polygon’s MATIC (MATIC/USD) on the cryptocurrency exchange, Invezz learned from a press release.

Buy, exchange, earn, and borrow: all on excellent terms

Users can purchase MATIC on the exchange and get it in their wallets within seconds. Exchange of MATIC on Nexo is also instant. If they choose, users can earn as much as 20% interest on MATIC, paid out daily under current promotional terms. In the long run, they can keep earning high yields. Finally, it’s possible to borrow against Polygon’s native token at rates as low as 6.9% APR.

Augmenting blockchain resources

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Polygon’s multichain network runs on the Ethereum (ETH/USD) blockchain, making infrastructure available to facilitate blockchain networks that can interact outside of Ethereum’s primary chain. Parachains are becoming more and more important by the minute. Correspondingly, progressively orientated platforms like Nexo customize their services to increase the resources underpinning the blockchains with the ultimate goal of improving scalability and interoperability industry-wide. 

Buying MATIC on NEXO

Buying MATIC on Nexo is safe, instant, and effortless. The following pairs are available:

  • MATIC/BTC
  • MATIC/ETH
  • MATIC/BNB
  • MATIC/USDC
  • MATIC/USDT
  • MATIC/USD
  • MATIC/EUR
  • MATIC/GBP

Earning on MATIC

Nexo’s Earn Crypto Interest enables users to grow a passive income effortlessly. If you buy MATIC on the exchange before January 3, 2022, you’re eligible for up to 20% daily interest. The exact interest rate depends on the tier. For each tier, the following promo rates apply:

  • Platinum: Маximum rate – 20%. Standard rate – 16%.
  • Gold: Маximum rate – 17%. Standard rate – 13%.
  • Silver: Маximum rate – 16.25%. Standard rate – 12.25%.
  • Base: Маximum rate – 13%. Standard rate – 10%. 

Borrowing against MATIC

Last but not least, users can take advantage of Nexo’s Instant Crypto Credit Lines™ to borrow stablecoins or cash against MATIC at rates starting from 6.9% APR. The upper limits are quite high – it’s possible to borrow as much as $2 million.

What’s more, requests can be approved within seconds. No personal data or credit checks are needed. Borrowers can pay off their loans at any time. They can make installment payments or pay off the loan in full.

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