Matic, a Layer 2 solution for scaling Ethereum, is not currently listed on Coinbase. Matic Network is an off-chain scaling solution that utilizes an adapted form of Plasma to provide scalability and faster transaction speeds while still maintaining security and decentralization.

Matic’s Plasma implementation uses PoS-based sidechains and features a decentralized network of watchtowers that monitor the main chain for fraud and provide security to users.

Matic’s team has been working closely with the Coinbase team over the past few months on integrating Matic into Coinbase Wallet and Coinbase Commerce. We are excited to announce that Matic is now live on Coinbase Wallet! Users can add the Matic token (MATIC) to their Coinbase Wallet by following these steps:

1. Open your Coinbase Wallet app
2. Tap “Receive” on the home screen
3. Select “Add Token” under the “Custom Tokens” section
4.

Enter “Matic Network Token” in the search bar and select it from the list
5. Tap “Add Token”
6. Enter the amount of MATIC you would like to receive and hit “Next” in the top right corner
7. Share your unique address or QR code with the sender
8. Once you receive MATIC in your wallet, it will appear under the “Tokens” tab.

The addition of MATIC to Coinbase Wallet marks an important milestone for Matic as we continue our goal of making blockchain more accessible to mainstream audiences. This also opens up new use cases for MATIC beyond trading and speculation, as users can now use MATIC to make payments directly from their wallet without having to go through a centralized exchange.