Polymarket introduces taker fees on 15-minute crypto markets
Prediction market Polymarket quietly added taker fees on 15-minute crypto markets. Polymarket stated that the introduced fees aim to support a new Maker Rebates Program. The introduction of fees marks the end of the prediction market platform’s zero-fee trading model.
Polymarket said that fees influence short-term cryptocurrency trades.
According to Polymarket, the collected fees will be distributed to market makers daily in USDC stablecoins. The redistribution will result in increased liquidity, less spread, and a more straightforward deal in volatile markets.
Polymarket explains the fee curve used in 15-minute markets
BREAKING: Polymarket appears to be introducing fees as high as 3% on the 15-minute Crypto up/Down Markets.
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