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MATIC Live Price Converter

MATIC to GBP Calculator

1 GBP2.4 MATIC

Polygon (formerly known as Matic Network) is a Layer 2 scaling solution and a blockchain project that’s built as a sidechain to Ethereum. Polygon is based on the Polygon SDK, a modular, adaptable framework that can be used to create a wide variety of apps. Because of Polygon, Ethereum can function as a true multi-chain platform (aka the Internet of Blockchains). The system is similar to Polkadot, Cosmos, and Avalanche but comes with Ethereum's security, transparency, and thriving ecosystem.

Polygon also combines the Plasma Framework and the proof-of-stake (PoS) blockchain architecture. Unlike traditional proof-of-work (PoW) blockchains, Polygon's Plasma architecture could potentially host an infinite number of decentralized apps. So far, Polygon's PoS-protected Ethereum sidechain has attracted over fifty dApps.

Polygon's native token, MATIC, is an ERC-20 token that runs on the Ethereum blockchain. Users can pay in MATIC for transaction fees and services on Polygon or use it in settlement with other users.

Real-time MATIC Price Rates in GBP

MATIC Live Data

The current MATIC price is £ 0.42, which is -1.20% change in the past 24 hours and -6.99% in the past 7 days. With a circulating supply of 10B, MATIC’s live market cap is £ 3.9B. The 24-hour trading volume is £ 201M.

The conversion rates are calculated using the Live MATIC Price Index along with other digital asset price indices. The MATIC/USD exchange rate is updated in real-time.

Bitsgap’s Polygon converter and crypto calculator is a good place to start following the MATIC market and other crypto markets' live updates.

MATIC Supported Exchanges

ExchangePriceVolume
Huobi
Huobi
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Kraken
Kraken
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WhiteBit
WhiteBit
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HitBTC
HitBTC
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Gate.io
Gate.io
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Bittrex
Bittrex
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Bitget
Bitget
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Gemini
Gemini
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Bybit
Bybit
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Crypto.com
Crypto.com
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Kucoin
Kucoin
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Poloniex
Poloniex
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Bitfinex
Bitfinex
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Binance
Binance
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Coinbase
Coinbase
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Binance US
Binance US
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OKX
OKX
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The exchange rate of Polygon is decreasing.

The current value of 1 MATIC is 0.42 GBP. Inversely, 1.00 GBP would allow you to trade for 2.4 MATIC, not including platform or gas fees.

In the last 7 days, the exchange rate has decreased by -6.99%. Meanwhile, in the last 24 hours, the rate has changed by -1.20%. This time last month, the value of 1 MATIC was 0.45 GBP, which is a 6.64% increase from where it is now. Looking back a year, MATIC has changed by -0.27 GBP.

MATIC to GBP

AssetToday at 10:10 AM
0.5 MATIC0.21 GBP
1 MATIC0.42 GBP
5 MATIC2.09 GBP
10 MATIC4.17 GBP
50 MATIC20.87 GBP
100 MATIC41.74 GBP
500 MATIC208.72 GBP
1000 MATIC417.44 GBP

GBP to MATIC

AssetToday at 10:10 AM
0.5 GBP1.2 MATIC
1 GBP2.4 MATIC
5 GBP11.98 MATIC
10 GBP23.96 MATIC
50 GBP119.78 MATIC
100 GBP239.56 MATIC
500 GBP1 197.79 MATIC
1000 GBP2 395.58 MATIC

Today vs. 24 hours ago

AssetToday at 10:10 AM24 hours ago24H Change
0.5 MATIC£0.21£0.21
-1.20 %
1 MATIC£0.42£0.42
-1.20 %
5 MATIC£2.09£2.11
-1.20 %
10 MATIC£4.17£4.22
-1.20 %
50 MATIC£20.87£21.12
-1.20 %
100 MATIC£41.74£42.25
-1.20 %
500 MATIC£208.72£211.23
-1.20 %
1000 MATIC£417.44£422.45
-1.20 %

Today vs. 1 month ago

AssetToday at 10:10 AM1 month ago1 month Change
0.5 MATIC£0.21£0.22
-6.64 %
1 MATIC£0.42£0.45
-6.64 %
5 MATIC£2.09£2.23
-6.64 %
10 MATIC£4.17£4.45
-6.64 %
50 MATIC£20.87£22.26
-6.64 %
100 MATIC£41.74£44.52
-6.64 %
500 MATIC£208.72£222.58
-6.64 %
1000 MATIC£417.44£445.16
-6.64 %

Today vs. 1 year ago

AssetToday at 10:10 AM1 year ago1 year Change
0.5 MATIC£0.21£0.34
-64.79 %
1 MATIC£0.42£0.69
-64.79 %
5 MATIC£2.09£3.44
-64.79 %
10 MATIC£4.17£6.88
-64.79 %
50 MATIC£20.87£34.39
-64.79 %
100 MATIC£41.74£68.79
-64.79 %
500 MATIC£208.72£343.95
-64.79 %
1000 MATIC£417.44£687.9
-64.79 %
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FAQ

Where Can You Buy MATIC?
How Secure Is Polygon?
Does Bitsgap Have a Demo Mode?
Where Can You Buy MATIC?

Due to its importance in the evolution of the Ethereum ecosystem, MATIC is widely traded on DeFi-centric exchanges, such as Binance, KuCoin, Huobi, and Coinbase, among others.

Bitsgap’s built-in cryptocurrency calculator allows you to check the current price of Polygon in your preferred fiat currency. The most traded MATIC pairs are MATIC/USD, MATIC/GBP, MATIC/AUD, and MATIC/EUR.

By subscribing to Bitsgap, you can trade MATIC on as many as 15 exchanges within a single interface. Subscribe today and trade seven days for free!

How Secure Is Polygon?

Staking is a key part of the Polygon protocol's architecture because it is a Layer 2 solution that relies on PoS validators to keep digital assets safe. To participate in the network's PoS agreement process, MATIC token holders will need to pledge their tokens as security.

Network participants who aren't interested in validating transactions can still participate in staking and receive rewards by delegating their MATIC to another validator.

Polygon uses both PoS checkpoints and block producers at the block producer layer to make it even more decentralized. With the help of checks and fraud-proof systems, these block makers ensure the integrity of the main chains.

Does Bitsgap Have a Demo Mode?

Yes. Firstly, after you sign up for Bitsgap, you’ll have a seven-day free trial on the PRO plan that you can extend or modify after your trial expires. However, should you wish to practice first, you can do so by switching to the Demo mode on the platform. Demo mode is available for both spot and futures markets, which is a fantastic opportunity to see the difference between the two and develop your strategies risk-free.

Come back to Bitsgap’s crypto converter for live price updates and information on major cryptocurrencies.