Scalability focused blockchain platform Matic Network announced on Thursday that its native token MATIC is now listed on the biggest crypto exchange in Australia, Swyftx. It further added that the users of Swyftx will now be able to purchase MATIC tokens using the fiat currency Australian Dollar.
MATIC is now listed on Australia's biggest cryptocurrency exchange @SwyftxAU! 🇦🇺
🥇Swyftx is Australia's leading cryptocurrency exchange.
👥Over 25,000 users and growing rapidly.
— Matic (@maticnetwork) August 20, 2020
Swyftx is the largest in the country, with a fast-growing userbase that currently stands at 25,000 users. Users can buy, sell, and store their tokens on the Swyftx mobile app, which allows them to convert fiat to crypto and vice versa. In the past couple of years, Australia has emerged as one of the fastest-growing crypto markets, despite having humble crypto beginnings. Among the developed countries, Australia, along with the US, UK, France, and Germany, is moving towards mass adoption of crypto services.
Based on the Ethereum Blockchain, Matic Network is one of the fastest-growing networks for scalability and speed. It has become one of the preferred networks among developers for building decentralized applications, especially because of its low-cost transactions and faster transaction speeds. The mainnet of Matic Network went live in June earlier this year, and since then, the network has managed to strike important partnerships and collaborations within the industry.